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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
Add to Cart
Add to Cart
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


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

View Sample
Select Clients