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 Investment Chapter
The Iron and Steel Manufacturing industry is capital intensive. Expenditures are focused heavily on steelmaking machinery and equipment rather than property, structures or vehicles. On average, for every dollar spent on labor, the industry spends $0.29 on capital machinery and equipment. In addition, the purchase of computers, data and processing equipment has been on the rise over the past five years because large integrated producers are seeking to better manage large inventories and orders.
Although the Iron and Steel Manufacturing industry remains a large employer, employment levels have fallen due to ongoing industry restructuring and reduced steel demand over the past two years... purchase to read more