Iron and Steel Casting in Australia - Industry Market Research Report

Iron and Steel Casting in Australia - Industry Market Research Report

Iron and Steel Casting in Australia

The Iron and Steel Casting industry has performed poorly over the past few years. The decline of the Australian Motor Vehicle Manufacturing industry has heavily affected industry revenue, while increasing import competition has put pressure on domestic production. Recovering demand in major domestic markets has reduced the pace of revenue declines, as the low value-to-weight ratio of industry products typically makes high-volume trade uneconomical. Overall, industry revenue is expected to decline at an annualised 7.7% over the five years through 2023-24, to an estimated $852.7 million. This includes an anticipated decline of 2.6% in 2023-24.

Industry firms primarily produce iron and steel products through a process called casting, which involves pouring molten ferrous metals into moulds. Industry products are then consumed as intermediate inputs by a range of user industries.

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.