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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 | Jan 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
2.5%
Annual Growth 15-20
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Profit
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Employment
4,919
Businesses
135
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 SWOT Analysis Chapter

The Ferrous Metal Foundry Products industry is mature. Industry value added, or contribution to the overall economy, is forecast to increase at an annualized rate of 1.8% in the 10 years to 2020. Over the same period, Canadian GDP is projected to rise at an average annual rate of 2.2%, indicating that the industry is growing at a similar pace to the Canadian economy. However, further industry growth will be limited by increased competition, particularly from less-expensive imports, leading to industry consolidation in coming years as operators seek to maximize economies of scale... 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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