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Ferrous Metal Foundry Products in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Ferrous Metal Foundry Products in Canada Market Research Report | NAICS 33151CA | Dec 2015

Heavy metal: Lower raw material costs have helped expand industry profit margins

IBISWorld’s Ferrous Metal Foundry Products market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
1.1%
Annual Growth 15-20
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Profit
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Employment
4,704
Businesses
117
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 Analysis Chapter

The Ferrous Metal Foundry Products industry produces iron and steel castings that are used in a variety of applications, such as farm machinery, pipes, engines, turbines, power transmission equipment, automobiles, railways and infrastructure construction projects. Foundries manufacture components for these industries by melting iron and steel, pouring the metal into moulds of a desired shape and removing the casting once the metal has solidified. Foundries often finish the casting through machining to meet customers’ specific requirements. Foreign operators in developing economies are able to take advantage of lower wage and energy costs to manufacture low-value, high-volume castings... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Ferrous Metal Foundry Products Industry?

Companies in this industry pour molten iron and steel into moulds 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.

Industry Products
Grey iron foundry productsDuctile iron foundry productsMalleable iron foundry productsCompacted graphite iron foundry productsSteel foundry productsInvestment cast steel foundry products
 
Industry Activities
Manufacturing iron castingsManufacturing steel castingsManufacturing finished iron products


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