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 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 48.6% of ferrous metal foundries. This region houses the greatest number of upstream iron and steel mills and downstream automakers... purchase to read more