Industry Analysis & Industry Trends
The Iron and Steel Manufacturing industry was severely impacted by the global economic crisis, as production of iron and steel declined due to the contracting automobile and construction markets. However, recovering motor vehicle production bolstered demand in 2010 and 2011. Nevertheless, revenue declined in 2012, as the slow upturn of nonresidential construction and the deceleration in emerging markets impacted demand. Despite strengthening demand, revenue is forecast to decline in 2015 due to falling world steel prices... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the Iron and Steel Manufacturing industry are high due to the concentration of major competitors and the large input costs and capital needed to operate and maintain existing operations. Large facilities generally produce greater output, but only the largest firms with high capital resources are able to acquire and operate them.
The four largest players, which control more than half of the market, also control contracts with the industry’s major buyers. Product categories in the industry are also heavily saturated and controlled by established players, giving new entrants little means to enter the marketplace. Nonetheless, new technology continues to make smaller plants more competitive, especially mini-mills linked with electric arc furnaces... purchase to read more