Iron Smelting and Steel Manufacturing in Australia - IBISWorld Industry Market Research

Iron Smelting and Steel Manufacturing in Australia

Iron Smelting and Steel Manufacturing in Australia - IBISWorld Industry Market Research
Iron Smelting and Steel Manufacturing in Australia
Published Jun 02, 2015
33 pages — Published Jun 02, 2015
Price US$ 910.00  |  Buy this Report Now

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The Iron Smelting and Steel Manufacturing industry has undergone a tough period of structural change over the past five years. Industry revenue is expected to fall at an annualised 7.4% over the five years through 2014-15, to reach $11.0 billion. Falling demand from downstream markets, declining 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 domestic steel prices are projected to result in a 1.7% drop in industry revenue in 2014-15.

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.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Iron Smelting and Steel Manufacturing in Australia" Jun 02, 2015. Alacra Store. Oct 23, 2016. <>
IBISWorld Industry Market Research. (2015). Iron Smelting and Steel Manufacturing in Australia Jun 02, 2015. New York, NY: Alacra Store. Retrieved Oct 23, 2016 from <>
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