Industry Analysis & Industry Trends
The Iron Smelting and Steel Manufacturing industry has undergone a tough period of structural change over the past five years. Industry revenue is forecast to fall at an annualised 6.2% over the five years through 2015-16, to reach $10.8 billion. Falling demand from downstream markets, lower domestic iron and steel prices, and competition from import markets have resulted in industry production overcapacity. This has led to some firms downsizing operations, notably the 2011 closure of one of BlueScope Steel's blast furnaces in Port Kembla, NSW. Falling iron and steel production volumes are also likely to contribute to a 1.7% drop in industry revenue over 2015-16... purchase to read more
Industry Report - Industry Products Chapter
Industry operators manufacture carbon steel, iron and ferroalloy products, which are generally used as inputs by downstream manufacturing, construction, mining and agricultural industries. Carbon steel products make up the largest proportion of products manufactured in the industry, as measured by volume. Products made from carbon steel are segmented into metal-coated, painted and other carbon steel products. Industry products are primarily derived from a mixture of iron, and other metal and non-metal materials to create alloys.
Metal-coated carbon steel
The majority of iron products are converted into carbon steel, which is one of the most common alloys used in manufacturing and construction markets... purchase to read more