Industry Analysis & Industry Trends
The Iron and Steel Manufacturing Industry has endured exceptionally difficult operating conditions over the five years to 2016. Industry revenue follows fluctuations in the world price of steel products, which reflects global supply and demand trends. Ultimately, downward pressure on steel prices due to global overcapacity, coupled with the sharp appreciation of the US dollar in recent years, has presented a significant challenge to domestic steel producers. Revenue is expected to decline as industry operators continue to struggle with historically low steel prices, poor domestic demand from industrial markets and intense competition from imports, despite increased government assistance in the form of trade policies... purchase to read more
Industry Report - Industry Locations Chapter
The Great Lakes
The largest portion of iron and steel manufacturing takes place around the Great Lakes, accounting for 30.8% of industry establishments. Ohio is home to the greatest number of industry establishments in this region, accounts for a 10.9% share, with most of these establishments concentrated near Lake Erie and the Cleveland area. It is notable that the Great Lakes region accounts for nearly half of all industry production, but less than a third of establishments; this reflects the large size of establishments in the region and further points to its dominance.
Various factors underpin the importance of the Great Lakes region as a steel producer. First, the region includes the US car industry, which is a major steel purchaser... purchase to read more