Industry Analysis & Industry Trends
The Ferrous Metal Foundry Products industry, which sells iron and steel castings to manufacturing and construction industries, has struggled with fluctuating demand and increased import competition over the five years to 2015. Foreign competition from low-cost producers in China and India has increasingly challenged domestic operators for market share. Furthermore, volatile input prices have made it difficult for companies to forecast costs. Despite moderate revenue growth, the industry will struggle with significant challenges over the next five years. Excess supply of ferrous metals is expected to keep iron ore and steel prices low. This will benefit margins but prevent revenue from growing dramatically... purchase to read more
Industry Report - Industry Products Chapter
Ferrous metal foundries primarily produce iron and steel castings that are used to manufacture a variety of durable goods. Foreign foundries in developing economies are able to take advantage of lower wage and energy costs to manufacture low-value, high-volume castings. As a result, Canadian foundries have increasingly focused on higher value-added products that require more complex metallurgy, design and casting precision. In addition, many foundries have expanded their operations beyond casting to include designing and machining parts to produce a component that is ready to be installed on customers' assembly lines.
Iron foundry products
Iron foundry products are estimated to generate 75.4% of industry revenue in 2015, up from 71.0% in 2010... purchase to read more