The Ferrous Metal Foundry Products industry in Canada, 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 2017. Foreign competition from low-cost producers in China and India has increasingly challenged domestic operators for market share. Finally, volatile input prices have made it difficult for companies to plan their budgets. Over the five years to 2022, industry revenue is forecast to decline.
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.
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.