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Australia basic iron and steel market reported 8% annual growth during 2000 to 2010

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Basic Iron and Steel in Australia: ISIC 271 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-01 18:03:01
The basic iron and steel market in Australia exhibited 8% average growth over 2000-2010, and is further expected to expand in coming years. The total market size for basic iron and steel in Australia more than doubled over 2000-2010 as a result of an average 8% annual increase, corresponding to the growth of the local industry.

The highest year-on-year growth was recorded in 2004, when market value expanded 21% from the previous year. In 2010, the total size of the market was estimated at over A$20 billion. Businesses are the key client group with a near 100% share of total market value, and their demand shaped the market for basic iron and steel.

Over the review period the turnover of local producers grew at the same rate as the market. Overall, the turnover of local producers doubled over the review period to stand at A$17.5 billion by the end of 2010.

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