Industry Analysis & Industry Trends
The Iron and Steel Manufacturing industry was severely impacted by the global economic crisis. Revenue declined in 2009 after several years of growth, which was driven by increasing demand from downstream industries and rising steel prices. Demand from the industry's largest markets, automobile manufacturing and commercial building construction, dropped sharply as consumers reduced spending and businesses cut investment in new spaces. In the five years to 2019, the industry will benefit from stronger market conditions. Rising consumer spending and business investment will help manufacturing and construction industries grow, bolstering sales of steel products... 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 input for steel production. About 62.0% of US steel is produced in electric arc furnaces, which essentially recycle scrap steel. The remaining production comes from blast furnaces in a process that involves heating pig iron and coke (i.e. coal) to produce 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 23.3% and 20.3%, respectively... purchase to read more