Industry Analysis & Industry Trends
The radically spiking prices of key inputs, such as iron and steel, have slowed growth for the Ferrous Metal Foundry Products industry. That growth will continue to slow in the five years to 2019. However, the industry is not expected to go into decline... 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 59.7% of industry revenue in 2014, up from 54.9% in 2009... purchase to read more