Industry Analysis & Industry Trends
The Iron and Steel Manufacturing Industry has endured exceptionally difficult operating conditions over the five years to 2016. Industry revenue follows fluctuations in the world price of steel products, which reflects global supply and demand trends. Ultimately, downward pressure on steel prices due to global overcapacity, coupled with the sharp appreciation of the US dollar in recent years, has presented a significant challenge to domestic steel producers. Revenue is expected to decline as industry operators continue to struggle with historically low steel prices, poor domestic demand from industrial markets and intense competition from imports, despite increased government assistance in the form of trade policies... purchase to read more
Industry Report - Industry Products Chapter
The Iron and Steel Manufacturing industry produces pig iron, ferroalloys and steel; steel product sales generate almost all of the industry's revenue because pig iron and ferroalloys are typically used as an intermediary input for steel production. About two-thirds of US steel is now produced in electric arc furnaces, which essentially recycle scrap steel. The remaining production comes from traditional blast furnaces in a process that involves heating pig iron and coke (i.e. coal) to produce primary steel.
Hot-rolled and cold-rolled steel sheets and strips
The industry's main products are cold-rolled and hot-rolled steel sheets and strips, which account for nearly half of sales at 25.1% and 19.0%, respectively... purchase to read more