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 Investment Chapter
The Iron and Steel Manufacturing industry is capital intensive. Expenditures are focused heavily on machinery and equipment rather than property, structures or vehicles. On average, for every dollar spent on labor, the industry spends $0.35 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 during economic recession... purchase to read more