Iron and Steel Smelting in China - Industry Market Research Report

Iron and Steel Smelting in China - Industry Market Research Report

Iron and Steel Smelting in China

Revenue for the Iron and Steel Smelting industry has widely fluctuated over the past five years, growing as much as 36.4% in 2021 and declining as much as 8.3% in 2019. Industry revenue is expected to increase at an annualized 2.2% over the five years through 2023, to $198.0 billion. Industry revenue is anticipated to decrease by 0.6% in 2023. Profit margins have declined to 1.1% of industry revenue in 2023.

The Iron and Steel Smelting industry in China includes firms that manufacture hot metal, pig iron, cast iron, and cast iron pipes. Iron is extracted from iron ore in blast furnaces. 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.

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.