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Ferrous Metal Foundry Products in the US - Industry Market Research Report

  • April 2017
  • 36 pages
  • Ibisworld
Report ID: 198751

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Striking hot iron: Rising industrial production and construction activity will fire up industry demand

Ferrous Metal Foundry Products in the US

Over the five years to 2017, domestic manufacturing activity has climbed, driving demand for ferrous foundry products. In addition, previously delayed construction projects picked up again and input cost for iron and steel have declined since 2013. While this benefits industry margins, lower iron and steel prices lead to reduced raw material surcharges and therefore lower product prices. In addition, weaker demand from the machinery manufacturing sector has placed downward pressure on industry performance during the latter half of the five-year period. Overall, industry revenue is expected to decline over the five years to 2017.

Over the five years to 2022, rising industrial production and construction activity will drive revenue growth. Due to strengthening demand and specialization, companies will also be able to pass on increasing prices for steel and iron ore to customers, raising selling prices and revenue.

Companies in this industry pour molten iron and steel into molds of a desired shape to make castings. Companies purchase ferrous metal inputs from iron and steel manufacturers. The industry does not include companies that cast iron and steel they manufacture themselves.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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