Red hot: Increased demand from New York's exceptionally strong construction sector will boost industry revenue

Industry revenue is strongly tied to that of the performance of the construction sector, which was a positive influence over the past five years. The industry is also at the mercy of macroeconomic factors on the national and international levels, which have negatively influenced the industry far more than the positive effects from downstream markets. Domestic operators also experienced a surging US dollar, which made US products more expensive for international buyers and foreign products more affordable to US buyers, therefore decreasing exports and increasing imports. Over the next five years to 2022, the industry is expected to grow...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Industry revenue fell at a slower rate due to a decrease in steel prices
  • Large new projects have held up the industry even amid falling steel prices
  • Due to continued demand from the construction sector, the industry is expected to grow
  • Industry Report - Industry SWOT Analysis Chapter

    ***This section is not used for US State reports.***Only set Reasons & Level!...purchase to read more.

    Additional Insights for the Iron & Steel Manufacturing in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron & Steel Manufacturing in New York Industry are

  • Ability to pass on cost increases
  • Output is sold under contract
  • Marketing of differentiated products
  • IBISWorld analysts also discuss how external factors such as World price of steel and Value of private nonresidential construction in New York in the Iron & Steel Manufacturing in New York industry impact industry performance..

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    What's in this report

    What is the Iron & Steel Manufacturing in New York Industry?

    Companies in this industry manufacture pig iron, steel and ferroalloys. Pig iron is often manufactured in a blast furnace or via newer direct-reduction methods. Steel may be manufactured in basic oxygen furnaces (newly made steel) or in electric arc furnaces (recycled steel). This industry also includes operators that manufacture basic steel shapes, such as bars, plates, rods, sheets, strips and wire or form pipes and tubes from steel they have produced themselves.

    Industry Products
  • Hot-rolled steel sheet, strip and other products
  • Hot-rolled steel bars and bar shapes
  • Cold finished steel bars and bar shapes
  • Industry Activities
  • Direct reduction of iron ore
  • Manufacturing and converting pig iron
  • Producing steel through the combination of coke and iron ore in blast furnaces
  • Producing steel by melting recycled scrap steel, usually with pig iron, in electric arc furnaces
  • Producing steel through the use of open-hearth furnaces
  • Manufacturing cold-rolled and hot-rolled steel products
  • Manufacturing basic steel shapes (e.g. bar, plate, rod, sheet, strip and wire)
  • Forming pipes and tubes from self-produced steel
  • Manufacturing and converting ferroalloys
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of steel
  • Value of private nonresidential construction in New York
  • Industrial production index
  • Trade-weighted index

  • Current Performance
  • The market iron and steel products in New York
  • Construction sector builds the industry
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued demand from the construction sector
  • Steel prices decline
  • Table: Iron & Steel Manufacturing in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron & Steel Manufacturing in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Metal Pipe & Tube Manufacturing
  • Steel Rolling & Drawing
  • Ferrous Metal Foundry Products
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Truck & Bus Manufacturing
  • Truck, Trailer & Motor Home Manufacturing

  • Key Selling Industries
  • Coal Mining
  • Copper, Nickel, Lead & Zinc Mining
  • Electric Power Transmission
  • Iron Ore Mining

  • Products & Services
  • Hot-rolled steel bars and bar shapes
  • Cold finished steel bars and bar shapes
  • Hot-rolled steel sheet, strip and other products
  • Chart: Iron & Steel Manufacturing in New York Industry Products and Services Segmentation

  • Major Markets
  • Nonresidential construction
  • Heavy construction
  • Other
  • Chart: Major Market Segmentation for the Iron & Steel Manufacturing in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs and depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Iron & Steel Manufacturing in New York

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Iron & Steel Manufacturing in New York Industry

  • Nucor Corporation, Worthington Industries Inc., Republic Steel Inc., Crucible Industries LLC,
  • Table: Nucor Corporation - financial performance
  • Table: Worthington Industries Inc. - financial performance
  • Table: Republic Steel Inc. - financial performance
  • Table: Crucible Industries LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Iron & Steel Manufacturing in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Iron & Steel Manufacturing in New York Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World Price of Steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blast Furnace
  • A furnace used in integrated steelmaking, in which coke and iron ore react together under a hot air flow to form steel.
  • Coke
  • A high-carbon solid produced by heating coal in an oven to drive off volatile components.
  • Electric Arc Furnace
  • A furnace for scrap-based steelmaking, in which scrap steel is melted and recycled.
  • Ferroalloy
  • An iron alloy with a high proportion of one or more other elements that is used in the production of steel as a raw material.
  • Mini-Mill
  • A steel producer that obtains most of its iron from recycled scrap steel and primarily uses electric arc furnaces.
  • Open-Hearth Furnace
  • A furnace for steelmaking, in which carbon and other impurities are burnt off pig iron to produce steel.
  • Pig Iron
  • The intermediate product of smelting iron ore with coke; usually transferred in molten form to steelmaking furnaces.
  • What Our Customers Say

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    The Iron & Steel Manufacturing in New York industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Iron & Steel Manufacturing in New York:
    • 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 & Steel Manufacturing in New York 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 & Steel Manufacturing in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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