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 - Starting a New Business Chapter
Barriers to entry into the Iron and Steel Manufacturing industry are high due to the concentration of major competitors and the large input costs and capital needed to operate and maintain existing operations. Large facilities generally produce greater output, but only the largest firms with high capital resources are able to acquire and operate them.
The four largest players, which control about half of the industry, also control contracts with the industry's major buyers, increasing barriers to entry. Product categories in the industry are also heavily saturated and controlled by established players, giving new entrants little means to enter the marketplace... purchase to read more