Ferrous Metal Foundry Products in the US
Domestic manufacturing activity has mostly climbed since 2013, driving demand for ferrous metal foundry products. In addition, previously delayed construction projects picked up again over the five years to 2018. However, during the period, the price of iron ore declined drastically, while the world price of steel experienced significant volatility. Ferrous metal prices affect the industry, as participants purchase, process and resell iron and steel. Over the past five years, iron and steel prices have fluctuated considerably, with the price of iron ore ultimately trending downward due to sharp declines in 2014 and 2015. Over the five years to 2023, the industry is expected to rebound slightly. Strengthening transportation and construction markets and rising industrial production will drive demand for industry products.
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.
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