Ferrum Steel Industry Outlook

Where is the steel fabrication and engineering industry heading over the next five years?

At Ferrum Steel, we have been doing the work to understand the markets we operate in and the markets we are expanding into. Today we are sharing our 1-year and 5-year economic outlook for the steel fabrication and engineering industry across five key regions in Australia and New Zealand.

The regions we assessed:

Perth and Western Australia | Melbourne, Victoria | Far North Queensland | Auckland, New Zealand | Canterbury, New Zealand

Key findings:

Western Australia remains the strongest market in the country, driven by mining, critical minerals, LNG, hydrogen, defence, and infrastructure. We are forecasting 5 to 8% revenue growth in the next 12 months and a 5-year CAGR of 4 to 6%.

Melbourne offers scale and diversification, with strong demand from transport, data centres, hospitals, and advanced manufacturing.

Far North Queensland is a high-growth regional market with significant tailwinds from defence, ports, marine engineering, and critical minerals.

Auckland and Canterbury in New Zealand both offer stable, infrastructure-led demand with strong acquisition opportunities among well-established family-owned businesses.

This is the kind of intelligence that shapes how we build Ferrum Steel, strategically, region by region, with a long-term view.

📊 Full regional breakdown in the report below.