Iron and Steel Smelting in China - IBISWorld Industry Market Research

Iron and Steel Smelting in China

Iron and Steel Smelting in China - IBISWorld Industry Market Research
Iron and Steel Smelting in China
Published Mar 11, 2015
39 pages — Published Mar 11, 2015
Price US$ 660.00  |  Buy this Report Now

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Abstract:

Over the past five years, revenue for the Iron and Steel Smelting industry has fluctuated greatly, growing as much as 10.6% in 2011 and declining as much as 13.8% in 2014. Over the five years to 2015, revenue is expected to reach $170.0 billion, representing an annualized decline of 3.6%. After China's financial crisis of 2008, the industry became depressed, despite government investments to stimulate the industry. Total domestic demand has declined since 2012, but total output has increased gradually, thereby worsening supply surplus problems. Furthermore, the prices of steel productions declined continuously, causing industry revenue to decline, especially in 2014.

The Iron and Steel Smelting industry in China includes firms that manufacture hot metal, pig iron, cast iron, and cast iron pipes. First, iron is extracted from iron ore in blast furnaces. Then, pig iron and scrap iron are refined, either in basic oxygen or electric arc furnaces, into crude steel. Besides iron ore, other materials like coke, refractory, and water are required in iron and steel smelting.

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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Document ID
3210
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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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Cite this Report

  
MLA:
IBISWorld Industry Market Research. "Iron and Steel Smelting in China" Mar 11, 2015. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Iron-and-Steel-Smelting-in-China-2042-37>
  
APA:
IBISWorld Industry Market Research. (2015). Iron and Steel Smelting in China Mar 11, 2015. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Iron-and-Steel-Smelting-in-China-2042-37>
  
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