Iron & Steel Manufacturing in New York
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. Growth will be aided by appreciating steel prices, increased demand from the state's construction sector and a relatively stagnate US dollar, which is forecast not to see significant change in strength.
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.