Iron and steel manufacturers melt and refine iron ore into pig iron, which is processed into steel and shaped in various shapes for downstream construction- and manufacturing-related industries. Manufacturers are directly affected by the fluctuating price of steel, which has become more volatile since the beginning of COVID-19. As input prices are highly volatile, the average profit margin varies yearly. COVID resulted in losses across multiple downstream markets, including vehicles, construction and containers, as consumer confidence fell. Some trends have spilled over to 2023, as inflationary fears placed pressure on consumers and companies. 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.Nerves of steel: Infrastructure and construction projects will pick up as corporate profit grows
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nucor Corporation
- Cleveland-Cliffs Inc.
- United States Steel Corp
- Steel Dynamics, Inc.
- Ak Steel Holding Corp
- Arcelormittal
- Commercial Metals Company
- Gerdau S.A.
- USS-POSCO Industries
- Evraz Plc
- California Steel Industries Inc.
- Republic Steel Inc.
- Crucible Industries LLC
- L.B. Foster Company
- Harmer Steel Ltd.
- Healey Railroad Corporation
- A&K Railroad Materials Inc.
Methodology
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