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Article: Steel Industry - Industry Outlook
- Article from:
- Zacks Investment Research - Industry Outlook
- Article date:
- November 13, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Steel Industry - Industry Outlook
Steel Output Mounting
The Steel industry, which consists of companies engaged in the extraction of iron ore and coke coal for the processing of iron and steel, has the major chunk of sales concentrated with a few producers. The industry includes metal ore exploration and mining services, iron and steel foundries for smelting, rolling, forging, spinning, recycling, stamping, polishing and plating of iron and steel products such as pipes, tubes, wire, spring, rolls and bars.
The largest drivers of steel consumption have historically been the automotive and construction markets, which make up more than 50% of total steel consumption. Other ...