Industry Analysis & Industry Trends
This Iron and Steel Manufacturing industry is highly volatile, as it depends greatly on global supply and demand trends; steel prices change with global economic activity. Operators will experience a recovery over the next five years, after plummeting demand from downstream industries took a toll on the industry during the recession. Most significantly, the rising price of steel and growth in new technologies will benefit iron and steel manufacturers. Increased international competition, however, will characterize the industry in the years to come... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Iron and Steel Manufacturing industry is mature, indicated by its declining number of enterprises and slow technological change. Industry value added (IVA), which measures the industry's contribution to the overall economy, is estimated to increase at an annualized rate of 14.5% in the 10 years to 2019. Comparatively, US GDP is projected to grow at an average annual rate of 2.7% over the same period. However, the IVA growth rate is highly inflated due to the industry's tremendous loss in 2009 that amounted to 5.8% of revenue and is not reflective of the industry's mature state.
Merger and acquisition activity is indicative of a mature industry. The industry has struggled with increasing production costs and growing international competition... purchase to read more