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Iron and Steel Casting in Australia Industry Data and Analysis
Iron and steel casters have experienced mixed fortunes over the past five years. Inflation and high interest rates have reduced demand as customers have tightened their spending and looked to low-cost substitutes amid weaker economic conditions. Falling demand for iron and steel globally has led to an oversupply, bringing down prices for the industry over the past three years, weighing on revenue. This has also reduced input costs, which has helped alleviate pressure temporarily and provided some relief to profitability. Overall, industry revenue is expected to decline at an annualised 0.7% over the five years through 2025-26, to total $939.5 million. This includes an anticipated drop of 0.6% in 2025-26, because of the heightened interest rates in recent years, which have brought down capital outlay.
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What's included in this industry analysis
IBISWorld's research coverage on the Iron and Steel Casting industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Iron and Steel Casting industry in Australia operates under the ANZSIC industry code C2121. Industry firms primarily produce iron and steel products through a process called casting, which involves pouring molten ferrous metals into moulds. Industry products are then consumed as intermediate inputs by a range of user industries. Related terms covered in the Iron and Steel Casting industry in Australia include investment casting, ferrous and centrifugal machine.
What's included in this industry?
Products and services covered in Iron and Steel Casting industry in Australia include Sand casting, Shell-mould casting and Investment casting.
What companies are included in this industry?
Companies covered in the Iron and Steel Casting industry in Australia include Bradken, Pandrol and Ajax Foundry Pty Limited.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Iron and Steel Casting industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Iron and Steel Casting industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Iron and Steel Casting industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Iron and Steel Casting industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Iron and Steel Casting industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Iron and Steel Casting industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Iron and Steel Casting industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Iron and Steel Casting industry in Australia.
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Frequently Asked Questions
What is the market size of the Iron and Steel Casting industry in Australia in 2026?
The market size of the Iron and Steel Casting industry in Australia is $939.5m in 2026.
How many businesses are there in the Iron and Steel Casting industry in Australia in 2025?
There are 192 businesses in the Iron and Steel Casting industry in Australia, which has grown at a CAGR of 3.3 % between 2020 and 2025.
How may import tariffs affect the Iron and Steel Casting industry in Australia?
The Iron and Steel Casting industry in Australia is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Iron and Steel Casting industry in Australia?
The Iron and Steel Casting industry in Australia is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Iron and Steel Casting industry in Australia grown or declined over the past 5 years?
The market size of the Iron and Steel Casting industry in Australia has been declining at a CAGR of 0.7 % between 2020 and 2025.
What is the forecast growth of the Iron and Steel Casting industry in Australia over the next 5 years?
Over the next five years, the Iron and Steel Casting industry in Australia is expected to grow.
What are the biggest companies in the Iron and Steel Casting industry in Australia?
The biggest companies operating in the Iron and Steel Casting industry in Australia are Bradken, Pandrol and Ajax Foundry Pty Limited
What does the Iron and Steel Casting industry in Australia include?
Sand casting and Shell-mould casting are part of the Iron and Steel Casting industry in Australia.
Which companies have the highest market share in the Iron and Steel Casting industry in Australia?
The company holding the most market share in the Iron and Steel Casting industry in Australia is Bradken.
How competitive is the Iron and Steel Casting industry in Australia?
The level of competition is moderate and steady in the Iron and Steel Casting industry in Australia.
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