Industry Analysis & Industry Trends
The Iron and Steel Manufacturing industry was severely impacted by the global economic crisis. Revenue declined in 2009 after several years of growth, which was driven by increasing demand from downstream industries and rising steel prices. Demand from the industry's largest markets, automobile manufacturing and commercial building construction, dropped sharply as consumers reduced spending and businesses cut investment in new spaces. In the five years to 2019, the industry will benefit from stronger market conditions. Rising consumer spending and business investment will help manufacturing and construction industries grow, bolstering sales of steel products... 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 50.5% 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 operators either exited or were acquired by larger companies during the economic crisis.
In the five years to 2014, the total number of industry operators is projected to decrease at an annualized rate of 0.4% to 445. This modest decline can be largely attributed to steep drops 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