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 this slump, revenue is forecast to increase in 2015, as well as in the following five years. Generally increasing steel prices, stronger downstream demand and higher exports will drive industry growth... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Iron and Steel Manufacturing industry is moderately concentrated, with the four largest players accounting for more than 40.0% of industry revenue. Over the past decade, concentration has increased due to industry restructuring and merger activity, which occurred heavily in the early part of the decade. In addition, in the five years to 2015, the total number of industry operators is projected to decrease at an annualized rate of 2.9% to 414 companies. This is primarily the result of large, profitable companies acquiring struggling competitors.
Consolidation, and therefore industry concentration, is expected to continue an upward trend in the next five years. This is due to increasing global competition for domestic customers, as well as rising input costs... purchase to read more