Iron & Steel Manufacturing in the US - Industry Market Research Report

Iron & Steel Manufacturing in the US - Industry Market Research Report

  • June 2017
  • 45 pages
  • Ibisworld
Report ID: 198744
Steeling the show: Import competition and falling prices will hinder industry growth

Abstract
Iron & Steel Manufacturing in the US

The Iron and Steel Manufacturing Industry has endured exceptionally difficult operating conditions over the five years to 2017. Industry revenue follows fluctuations in the world price of steel products, which reflects global supply and demand trends. Ultimately, downward pressure on steel prices due to global overcapacity, coupled with the sharp appreciation of the US dollar in recent years, has presented a significant challenge to domestic steel producers. Revenue is expected to decline as industry operators continue to struggle with historically low steel prices, poor domestic demand from industrial markets and intense competition from imports, despite increased government assistance in the form of trade policies. However, volatile but generally rebounding steel prices, stronger downstream demand and increased specialization are likely to revitalize industry revenue in the coming five years to 2022.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES
- ArcelorMittal
- AK Steel Holding Corp.
- Nucor Corp.
- United States Steel Corp.
- Steel Dynamics Inc.

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
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Country=UnitedStates Industry=MiningAndQuarrying ParentIndustry=MiningAndQuarrying Date=201706 Topic=MarketReport Publisher=Ibisworld Price=1000