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 Locations Chapter
The concentration of ferrous metal foundries is largely influenced by their proximity to upstream suppliers of key inputs, such as iron and steel, and downstream markets, such as automakers. Since industry establishments are located near centres of industrial activity, most foundries are correlated with highly populated regions. As a result, most ferrous foundries are located in Ontario, Quebec, British Columbia and Alberta.
Ontario has the largest share of industry establishments, with 49.6% of ferrous metal foundries. This region houses the greatest number of upstream iron and steel mills and downstream automakers... purchase to read more