The Iron and Steel Manufacturing industry has faced volatile conditions over the past five years. The industry's fortunes depend heavily on demand from the construction and automotive sectors. Demand from these industries contracted when the economic downturn took hold in 2008-09 and steel prices subsequently plunged in 2009 as demand dried up in the wake of the financial crisis. However, a moderate recovery followed. Rebounding automotive markets and government policies designed to stimulate construction combined to restore revenue growth. This started the industry on the road to recovery, which recent economic acceleration has supported.
Firms in this industry produce iron and steel in blast furnaces or reprocess steel in electric arc furnaces. They make a variety of basic steel products, such as ingots, sheets, plates, bars, rods, girders and sections.
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.