SEARCH   
MEMBER LOGIN    

Iron Smelting and Steel Manufacturing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron Smelting and Steel Manufacturing Market Research Report | ANZSIC C2110 | Apr 2014

Testing their mettle: Industry revenue contracts as steel output falls

IBISWorld’s Iron Smelting and Steel Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 09-14
-7.2%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
19,800
Businesses
1,332
Industry Analysis & Industry Trends

The Iron Smelting and Steel Manufacturing industry has undergone a difficult period of structural change over the past five years. Industry revenue is estimated to fall at a compound annual 7.2% over the five years through 2013-14, due to limited demand from construction industries, fluctuating steel prices, competition from import markets and a strong Australian dollar. Revenue is anticipated to decline by 1.0% in 2013-14 to reach $14.0 billion. Profitability has also struggled, declining from 15.1% of revenue in 2008-09 to an estimated 0.7% in 2013-14. Production volumes, imports and exports have all decreased, contributing to the industry's poor performance over the past five years... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Iron Smelting and Steel Manufacturing industry is in the decline stage of its economic life cycle. Industry value added (IVA) measures an industry's contribution to the overall economy. IVA is forecast to decline at an annualised 7.8% over the 10 years through 2018-19, underperforming the overall economy over the same period, which is forecast to grow at a compound annual 2.6%. The industry's products, technology and markets are well established, stable and clearly segmented. Technological change has also only occurred at a moderate level over the past five years. The closure of one of BlueScope Steel's blast furnaces at its Port Kembla facility in October 2011 and the associated job losses are indicative of the industry's declining nature... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Smelting and Steel Manufacturing Industry?

Firms in this industry are primarily involved in smelting or refining iron ore or iron sands into basic iron products, such as ingots, billets and slabs. The industry also includes hot or cold steel rolling into primary shapes such sheets, bars and rods and scrap ferrous metals recycling. Companies that mainly produce carbon and stainless steel from iron alloyed with other elements, such as carbon and chromium, are also included.

Industry Products
Iron productsOther carbon steel productsMetal-coated carbon steelPainted carbon steelOther ferroalloys
 
Industry Activities
Iron or steel barFerroalloy production, including alloys of manganese, silicon or chromeIron or steel flat-rolled productsPig iron productionRail fastenings or other rail accessoriesSteel roof-deckingStainless steel productionSteel alloy productionStructural steel shapes, excluding fabricated steelSheet or strip tin plate production


View Sample
Quote
Select Clients