Iron & Steel Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron & Steel Manufacturing Market Research Report | NAICS 33111 | Dec 2015

Steeling the show: Import competition and falling prices will interrupt industry recovery

The Iron & Steel Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
Add to Cart
Add to Cart
Industry Analysis & Industry Trends

The Iron and Steel Manufacturing industry was severely impacted by the global economic crisis, as production of iron and steel declined due to the contracting automobile and construction markets. However, recovering motor vehicle production bolstered demand in 2010 and 2011. Nevertheless, revenue declined in 2012, as the slow upturn of nonresidential construction and the deceleration in emerging markets impacted demand. Despite strengthening demand, revenue is forecast to decline in 2015 due to falling world steel prices... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Iron and Steel Manufacturing industry is mature, indicated by its declining number of enterprises and slow level of technological change. Industry value added (IVA), which measures the industry's contribution to the overall economy, is estimated to increase at an annualized rate of 1.9% in the 10 years to 2020. Comparatively, US GDP is projected to grow at an average annual rate of 2.2% over the same period. This similar growth rate is reflective of the industry's mature state. However, industry growth moving forward will likely be limited by increased competition from imported steel products, with imports already fulfilling 30.9% of domestic demand.

Merger and acquisition activity is indicative of a mature industry... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Iron & Steel Manufacturing Industry?

Companies in this industry manufacture pig iron, steel and ferroalloys. Pig iron is often manufactured in a blast furnace or via newer direct-reduction methods. Steel may be manufactured in basic oxygen furnaces (newly made steel) or in electric arc furnaces (recycled steel). This industry also includes operators that manufacture basic steel shapes, such as bars, plates, rods, sheets, strips and wire or form pipes and tubes from steel they have produced themselves.

Industry Products
Hot-rolled sheets and stripsCold-rolled sheets and stripsHot-rolled and cold-finished barsSteel ingots and semi-finished shapesPipes and tubing
Industry Activities
Direct reduction of iron oreManufacturing and converting pig ironProducing steel through the combination of coke and iron ore in blast furnacesProducing steel by melting recycled scrap steel, usually with pig iron, in electric arc furnacesProducing steel through the use of open-hearth furnacesManufacturing cold-rolled and hot-rolled steel productsManufacturing basic steel shapes (e.g. bar, plate, rod, sheet, strip and wire)Forming pipes and tubes from self-produced steelManufacturing and converting ferroalloys

View Sample
Select Clients