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 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 $0.31 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