Our industry

Steel – strong, safe, durable, reusable, recyclable

Steel is one of the most common, most versatile and most recyclable materials in the world. Australia's vibrant steel manufacturing and and processing value chain is central to our economic growth and prosperity.

#lovesteel is a global campaign showcasing steel
#loveozsteel is a local campaign showcasing steel in Australia

  • Steel is used in housing, transport, food and water supply, energy production and distribution, and healthcare.
  • Steel builds the roads, railway lines, buildings and bridges, schools and hospitals, that are essential for the prosperity of our nation and the wellbeing of our communities.
  • Steel is used to lay pipelines for gas, water and sanitation and to build new factories and machinery.
  • Almost everything we use is either made of steel or manufactured by equipment made of steel.
  • Steel is sustainable and can be recycled over and over again without losing its properties.
  • Steel is fundamental to the economy of Australia today and will continue to be throughout the 21st century and beyond.

Over 100,000 Australians are employed in steel

The Australian steel industry includes all iron and steel manufacturing, fabrication and casting activities. It is made up of small, medium, large and very large enterprises that together have an annual turnover of $29 billion. The steel industry contributes $11 billion to Australia’s GDP (Australian Bureau of Statistics 8155, Australian Industry, 2015–2016).

Jobs in steel:

  • Primary Metal and Metal Product Manufacturing – 52,100 employees
  • Fabricated Metal Product Manufacturing – 83,700 employees

The multiplier for Australian steel products:

  • For every $1 million, $1.87 million in value is added to the economy
  • For every $1 million, 16 workers are employed FTE in the economy
  • For every $1 million, $165,000 is delivered in welfare savings
  • For every $1 million, $590,300 is returned in tax revenue (State of Steel Report, Type I and Type II, page 4 and 5).

The Australian structural fabrication industry is characterised by a very large number of fabricators with a total output capacity of approximately 1.6 million tonnes per annum, including some product used in repetition manufacturing, including lintels, truck body and trailer fabrication.

The integrated Australian steel chain typically holds more than two million tonnes of inventory, made available through distributors located at over 300 sites across the country.

Australia has one of the most dynamic steel sectors in the world.

Australia is recognised as a world leader in the use of high-tensile materials and coating technology.

Approximately 5.3 million tonnes of steel are produced in Australia annually.

Download Capabilities of the Australian steel industry to supply major projects in Australia, version 2.1.1, compiled by Australian Steel Institute, August 2019.

External links

World Steel Association - Steel Facts