Industry Analysis & Industry Trends
Pumping iron
This industry is highly volatile, depending 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. However increased international competition will characterize the industry in the years to come... 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 an estimated 52.3% 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, multiple smaller firms either exited or were acquired by larger companies during the economic crisis.
In the five years to 2013, the total number of industry firms is projected to decline at an annualized rate of 5.1% to 435, down from 565 in 2008. This steep fall can be largely attributed to declines over 2008 and 2009, when more than 100 companies exited the industry altogether as they failed to stay afloat during the recession... purchase to read more