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 steel prices... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Iron and Steel Manufacturing industry is mature, indicated by its declining number of enterprises and slow level of technological change. Industry value added (IVA), which measures the industry's contribution to the overall economy, is estimated to increase at an annualized rate of 1.5% in the 10 years to 2020. Comparatively, US GDP is projected to grow at an average annual rate of 2.5% over the same period. This similar growth rate is reflective of the industry's mature state. However, industry growth moving forward will likely be limited by increased competition from imported steel products, with imports already fulfilling 34.2% of domestic demand.
Merger and acquisition activity is indicative of a mature industry... purchase to read more