LATEST NEWS: 18 May 2016Steel Stewardship Forum changes its nameview all news »

Iron and Steelmaking

Iron and steel industry picThe Australian iron and steel sector is a fundamental building block for many activities in the Australian economy, providing a key material for construction, infrastructure, resource developments and other manufacturing, including the automotive industry. The industry also plays a major role in recycling steel.

On a narrow definition (ABS Manufacturing Industry Australia 2005-2006 Cat No. 8221.0), the iron and steel industry employs about 24,000 people, pays annual wages in excess of $1.5 billion and has an annual turnover of about $13 billion. With all iron and steel manufacturing, fabrication and casting activities included, the industry provides employment to over 91,000 people and generates about $29 billion in turnover. The iron and steel industry’s manufacturing facilities are predominantly based in regional Australia, including the Illawarra, Mornington Peninsula, Newcastle and Whyalla, and in the western suburbs of Sydney and Melbourne.

Despite its important economic contribution in Australia, in global terms the Australian steel industry is small, and at approximately 5.6 million tonnes of production per annum accounts for only about 0.6% of global steel output. The so-called ‘BRIC’ countries – Brazil, Russia, India and China, now account for 55% of global steel production and 45% of consumption.

There is strong global competition in steel - one-third of all steel produced globally (33%) is traded across international borders. Australia produces only 0.6% of the world’s crude steel (2007). With low or zero duty levels, the Australian iron and steel industry is significantly trade exposed.

There are two types of steelmaking in Australia, Basic Oxygen Steelmaking (BOS) and Electric Arc Furnace (EAF) for more information on these processes click here (PDF) (4 Mb).

Steelmaking volume table

Click to enlarge image

Steel Chain Footprint

Steel furnace

Australia’s Steel Value Chain Footprint has now been mapped With data contributions coming…

Find out more »

To join the Steel Stewardship Forum please download the application form by clicking on the link below:

Member application form »

Responsible Steel Update

This page supplies the latest information on various…

Find out more ยป