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Iron & Steel Manufacturing in Ireland - Market Size, Industry Analysis, Trends and Forecasts (2025-2029)

IBISWorld IBISWorld London, United Kingdom Last Updated: April 2025 SIC IE-C241

Revenue

€277.3bn

2025

€286.2bn

Past 5-Year Growth

Profit

€XX.Xbn

Employees

664k

Businesses

9,941

Wages

€XX.Xbn

Iron & Steel Manufacturing in Ireland industry analysis

Europe's Iron and Steel Manufacturing industry represents a key backbone of the region's industrial landscape. It's strategically interlinked with various sectors like construction, automotive, machinery and equipment manufacturers. Given steel's versatile applications, the industry's fortunes regularly swing with Europe's broader macroeconomic environment and key drivers, including raw material prices like steel, iron ore and coking coal, alongside construction and motor vehicle manufacturing activity. The industry operates under a loss, as profit has dwindled in the face of low steel prices and heightened environmental regulations, which have inflated costs. 

Trends and Insights

  • COVID-19 cooled the steel market. Demand for steel from manufacturing and construction plummeted during the pandemic. However, demand bounced back following the return of manufacturing and construction activity.
  • All product excpetions and Tariff Rate Quotas have been removed. There's a 25% tariff on steel products. Under Trump's first administration, steel exports from the EU to the US fell by more than 1 million tonnes, with steel from other countries destined for the US also diverted to the UK. New tariffs could see another fall of 1 million tonnes of steel exports for Europe according to European Steel.
  • Strong strategies drive market share in steel. Fewer giants dominate Europe's steel scene thanks to economies of scale, strategic acquisitions and leading the green game. Success hinges on cost-efficiency, smart deals and being an eco-conscious pioneer.
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Top Questions Answered in this Report

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What is the market size of the Iron & Steel Manufacturing industry in Ireland in 2025?

The market size of the Iron & Steel Manufacturing industry in Ireland is €277.3bn in 2025.

How many businesses are there in the Iron & Steel Manufacturing industry in Ireland in 2025?

There are 9,941 businesses in the Iron & Steel Manufacturing industry in Ireland, which has grown at a CAGR of 3.8 % between 2020 and 2025.

Has the Iron & Steel Manufacturing industry in Ireland grown or declined over the past 5 years?

The market size of the Iron & Steel Manufacturing industry in Ireland has been growing at a CAGR of 0.5 % between 2020 and 2025.

What is the forecast growth of the Iron & Steel Manufacturing industry in Ireland over the next 5 years?

Over the next five years, the Iron & Steel Manufacturing industry in Ireland is expected to grow.

What does the Iron & Steel Manufacturing industry in Ireland include?

Flat products and Bar steel are part of the Iron & Steel Manufacturing industry in Ireland.

How competitive is the Iron & Steel Manufacturing industry in Ireland?

The level of competition is high and increasing in the Iron & Steel Manufacturing industry in Ireland.

Everything you need in one report

  • Reliable market estimates from 2015-2030
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulation pushes towards a greener steel industry in Europe. Government regulations and policy initiatives are steering Europe’s steel industry towards more sustainable and environmentally friendly practices. Both legislative mandates and incentives are driving this shift.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Iron & Steel Manufacturing in Ireland industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profit loss is mainly due to high utility prices. Following the Russian invasion of Ukraine in 2022, high gas and electricity prices and a rise in global steel production have caused significant losses for European manufacturers.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Iron & Steel Manufacturing in Ireland industry?


Key Ratios

Data tables
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)
  • Revenue per Employee (2015-2030)
  • Wages/Revenue (2015-2030)
  • Employees per Establishment (2015-2030)
  • Average Wage (2015-2030)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2025)
  • Business Growth (2025)
  • Job Growth (2025)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2025)
  • Imports/Demand (2025)
  • Exports/Revenue (2025)
  • Revenue per Employee (2025)
  • Wages/Revenue (2025)
  • Employees per Establishment (2025)
  • Average Wage (2025)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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