The Iron and Steel Smelting market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.


Industry Analysis & Industry Trends

Over the five years to 2016, revenue for the Iron and Steel Smelting industry has fluctuated greatly, growing as much as 5.2% in 2013 and declining as much as 23.9% in 2015. Over the five years to 2016, revenue fell 10.5% annually to $135.1 billion.

Total domestic demand has declined since 2012, but total output has increased gradually, thereby worsening supply surplus problems. Furthermore, the prices of steel products has been falling. In 2016, demand for pig iron and crude steel continued to decline, while production decreased.

Industry revenue is forecast to increase at an annualized rate of 1.2% over the next five years to $143.5 billion in 2021...

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Industry Report - Industry Key Buyers Chapter

The Iron and Steel Smelting industry in China is highly fragmented; the top four players account for26.9% of total industry revenue in 2016. A large number of private steel enterprises have entered the industry in the past three decades, the majority of which produce less than one million tons of steel annually.

The low concentration level reflects a lack of scale in the industry, an over-stretched domestic market,and the limited role played by exports. The industry concentration level in the near future is expected to increase, and the ultimate trend for consolidation and reorganization is growth. According to China's Thirteenth Five-Year Plan (2016 to 2020), the target concentration of the top ten companies in this industry is 60.0%.


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Additional Insights for the Iron and Steel Smelting Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron and Steel Smelting Industry are

  • Economies of scale
  • Use of most efficient work practices
  • Availability of resource
  • IBISWorld analysts also discuss how external factors such as Domestic Goods Prices - Metals - Steel and Output of GDP - Secondary Industry Output in the Iron and Steel Smelting industry impact industry performance..

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    Industry Products

    What is the Iron and Steel Smelting Industry?

    The Iron and Steel Smelting industry in China includes firms that manufacture hot metal, pig iron, cast iron, and cast iron pipes. First, iron is extracted from iron ore in blast furnaces. Then, pig iron and scrap iron are refined, either in basic oxygen or electric arc furnaces, into crude steel. Besides iron ore, other materials like coke, refractory, and water are required in iron and steel smelting.

    Industry Products
    Crude steel
    Cast iron pipes
    Pig iron
    Industry Activities
    Molten iron
    Pig iron
    Cast iron
    Cast iron pipes
    Continuous cast billets
    Steel ingots
    Crude steel

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Domestic Goods Prices - Metals - Steel
  • Output of GDP - Secondary Industry Output
  • Downstream Demand - Construction
  • World demand for steel
  • World Prices - Volatility - Minerals - Iron Ore

  • Current Performance
  • Technological needs
  • Revenue and output growth
  • Wages and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Industry concentration
  • Industry trends
  • Table: Iron and Steel Smelting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron and Steel Smelting Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Steel Rolling
  • Automobile Manufacturing
  • Building Construction

  • Key Selling Industries
  • Coal Mining
  • Electricity Transmission and Distribution
  • Iron Ore Mining

  • Products & Services
  • Crude steel
  • Cast iron pipes
  • Pig iron
  • Chart: Iron and Steel Smelting Industry Products and Services Segmentation

  • Demand Determinants
  • Demand for steel products
  • Domestic economic growth
  • Demand from downstream industries
  • Current steel consumption level

  • Major Markets
  • Construction sector
  • Machinery manufacturers
  • Light manufacturers
  • Automobile manufacturers
  • Other
  • Shipbuilding manufacturers
  • Chart: Major Market Segmentation for the Iron and Steel Smelting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Utilities
  • Transportation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Iron and Steel Smelting

  • Basis of Competition
  • Price and quality
  • Foreign competition
  • Technical expertise
  • Industrial integration
  • Reliability
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Iron and Steel Smelting Industry

  • Industry Globalization
    Major Companies
    Baosteel GroupHebei Iron and Steel Co., LtdWuhan Iron and Steel (Group) CorporationAnshan Iron and Steel Group CorporationBohai Steel Group Co. Ltd.
  • Table: Baosteel Group - financial performance
  • Table: Hebei Iron and Steel Co., Ltd - financial performance
  • Table: Wuhan Iron and Steel (Group) Corporation - financial performance
  • Table: Anshan Iron and Steel Group Corporation - financial performance
  • Table: Bohai Steel Group Co. Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Iron and Steel Smelting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Iron and Steel Smelting Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total Assets (2007-2021)
  • Crude Steel Output (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Blast Furnace
  • A large structure, similar to an oven, in which iron ore is melted to extract the metal.
  • Crude Steel
  • Steel in the first solid state after melting, suitable for further processing or for sale.
  • Pig Iron
  • A form of iron that contains impurities.
  • Why buy this report?

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    This report on Iron and Steel Smelting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Iron and Steel Smelting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Iron and Steel Smelting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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