Industry Analysis & Industry Trends
The Ferrous Metal Foundry Products industry has struggled with fluctuating demand and prices for iron and steel since 2010. Deteriorating prices for steel products in 2013 and iron products in 2014 contributed to drops in revenue. However, lower raw material costs, particularly for iron, have helped expand industry profit margins. Conditions for the Ferrous Metal Foundry Products industry are not expected to markedly improve over the next five years. Despite rising demand for iron and steel castings worldwide, excess supply of ferrous metals is expected to cause iron ore prices to trend downward and steel prices to only moderately rise, which will alleviate upward pressure on selling prices for industry products... 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