Manufacturing activity has climbed since 2011, driving demand for the Ferrous Metal Products industry. In addition, previously delayed construction projects picked up again over the years to 2016. At the same time, input cost for iron and steel have declined since 2013. Rising industrial production and construction activity will drive revenue growth over the five years to 2021. Foundries will become more integrated into downstream manufacturers' production processes, working with customers to create higher quality, more precise castings. Due to strengthening demand and specialization, companies will also be able to pass on increasing prices for steel and iron ore to customers, raising selling prices and revenue.
Companies in this industry pour molten iron and steel into molds 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.