Revenue generated by the Iron and Steel Manufacturing industry is expected to fall by 10.3% in 2012-13, reaching $9.26 billion. The decline follows an even larger fall in 2011-12, when BlueScope Steel closed one of its two blast furnaces at Port Kembla. Steel output is expected to drop to about 4.9 million tonnes in 2012-13, reflecting the full-year effect of the closure.
Difficult trading conditions since 2007-08, combined with the blast furnace closure, are expected to result in industry revenue falling at an annualised rate of 13% over the five years through 2012-13.Firms in this industry manufacture iron or steel and ferroalloys. The industry also covers hot or cold rolling of steel into primary shapes and the galvanising, pre-painting and tinning of sheet or strip steel manufactured by the same firm.
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.