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

The Ferrous Metal Foundry Products market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
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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 Key Buyers Chapter

The Ferrous Metal Foundry Products industry has a low level of concentration, with the largest operators only generating an estimated 8.6% of revenue. This low level of concentration reflects the specialized nature of most foundries. Foundries in developing countries with lower wage and energy costs are able to produce low-value, high-volume castings on a mass scale, passing along cost savings to customers in the form of lower prices. In order to compete, domestic foundries have moved toward providing value-added products and working with customers to develop customized castings that are able to be inputted into customers' assembly lines immediately. As a result of this specialized production, most operators lack the ability to capitalize on 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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