Overview

Iron out the kinks: Falling demand and rising competition have significantly reduced revenue

The Iron Smelting and Steel Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Iron Smelting and Steel Manufacturing industry has undergone steep declines over the past five years. Industry revenue is expected to fall at an annualised 8.5% over the five years through 2016-17, to $9.1 billion. This includes a projected decline of 7.9% in the current year. Falling demand from downstream markets has driven industry declines. In particular, falling activity from downstream manufacturing and mining industries has reduced demand for industry products. In addition, lower steel prices and competition from import markets have put pressure on industry operators through lower prices and lessened demand, with many players reducing production over the period...

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Industry Report - Industry Analysis Chapter

The Iron Smelting and Steel Manufacturing industry has declined significantly over the past five years. The industry’s performance depends on demand for steel products from key downstream industries, domestic and global prices of steel, and the strength of the Australian dollar. Weaker domestic demand from downstream industries and ongoing import competition have significantly reduced industry output and revenue over the past five years.

Industry revenue is expected to decline at an annualised 8.5% over the five years through 2016-17, to $9.1 billion. Revenue fell by 22.9% in 2012-13 due to sharp declines in both domestic demand for steel, and the domestic price of iron and steel. The..

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Industry Products

What is the Iron Smelting and Steel Manufacturing Industry?

Industry firms primarily smelt or refine iron ore or iron sands into basic iron products, such as ingots, billets and slabs. The industry also includes operators that convert steel into primary shapes by hot- or cold-rolling steel into sheets, bars and rods. Companies that mainly produce carbon and stainless steel from iron alloyed with other elements (such as carbon and chromium) are also part of the industry.

Industry Products
Iron products
Other carbon steel products
Metal-coated carbon steel
Painted carbon steel
Other ferroalloys
Industry Activities
Iron or steel bar
Ferroalloy, including alloys of manganese, silicon or chrome
Iron or steel flat-rolled product
Pig iron
Rail fastenings or other rail accessories
Steel roof-decking
Stainless steel
Steel alloy
Structural steel shapes, excluding fabricated steel
Tin-plate sheet or strip

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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