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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 2017

Heavy metal: Lower raw material costs have helped expand industry profit margins

IBISWorld’s Ferrous Metal Foundry Products market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
-3.2%
Annual Growth 16-21
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Profit
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Employment
4,569
Businesses
115
Industry Analysis & Industry Trends

The Ferrous Metal Foundry Products industry, which sells iron and steel castings to manufacturing and construction industries, has struggled with fluctuating demand and increased import competition over the five years to 2015. Foreign competition from low-cost producers in China and India has increasingly challenged domestic operators for market share. Furthermore, volatile input prices have made it difficult for companies to forecast costs. Despite moderate revenue growth, the industry will struggle with significant challenges over the next five years. Excess supply of ferrous metals is expected to keep iron ore and steel prices low. This will benefit margins but prevent revenue from growing dramatically... purchase to read more

Industry Report - Industry Investment Chapter

The Ferrous Metal Foundry Products industry has a moderate level of capital intensity. For every dollar allocated to labour, operators spend an estimated $0.14 on capital. Foundries require a significant amount of machinery and equipment to make moulds, melt and pour metal into moulds, remove excess material from the castings and perform various processes to achieve the desired properties and dimensions. However, foundries also depend on skilled labour to operate machinery and equipment and create high quality castings. To attract talent, operators spend a significant share of revenue on workers' wages. The large-scale mass producers of industry products are more capital intensive, while smaller foundries are more reliant on labour to fulfill their orders.

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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 castingss. 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 productsSteel foundry productsInvestment cast steel foundry products
 
Industry Activities
Manufacturing iron castingsManufacturing steel castingsManufacturing finished iron products


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