SEARCH   
MEMBER LOGIN      
Forgot Password?

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 | Sep 2016

Cold blast: Falling demand and production volumes have significantly reduced industry revenue

IBISWorld’s Iron Smelting and Steel Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
-8.4%
Annual Growth 17-22
Add to Cart
Profit
Add to Cart
Employment
15,170
Businesses
1,046
Industry Analysis & Industry Trends

The Iron Smelting and Steel Manufacturing industry has undergone tough structural change over the past five years. Industry revenue is expected to decline at an annualised 8.4% over the five years through 2016-17, to $9.1 billion. Falling demand from downstream markets, lower steel prices and competition from import markets have created industry production overcapacity. Falling iron and steel production volumes are also likely to contribute to a 7.9% drop in industry revenue over 2016-17. Although lower prices can boost demand for steel products, the net effect is generally negative, as manufacturers generate less revenue per product... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Iron Smelting and Steel Manufacturing industry is in the declining stage of its economic life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is forecast to decline at an annualised 1.9% over the 10 years through 2021-22. The industry is therefore expected to underperform overall GDP, which is projected to grow at an annualised 2.6% over the same period. This indicates the industry's contribution to the overall economy is shrinking.

The industry has declined over the past five years due to lower steel prices, weak demand for steel from key downstream markets, and competition from substitute goods and import markets. The industry's products, technology and markets are all extremely well established... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Smelting and Steel Manufacturing Industry?

Firms in the 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 operators that convert steel into primary shapes by hot- or cold-rolling them 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 productsOther carbon steel productsMetal-coated carbon steelPainted carbon steelOther ferroalloys
 
Industry Activities
Iron or steel barFerroalloy, including alloys of manganese, silicon or chromeIron or steel flat-rolled productPig ironRail fastenings or other rail accessoriesSteel roof-deckingStainless steelSteel alloyStructural steel shapes, excluding fabricated steelTin-plate sheet or strip


View Sample
Quote
Select Clients