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Ferrous Metal Foundry Products in the US
IBISWorld, July 2011, Pages: 33
Solid outlook: Renewed construction activity and car manufacturing will drive growth
Ferrous Metal Foundry Products in the US
Cast away: The Ferrous Metal Foundry Products industry relies heavily on demand from other sectors of the economy, particularly manufacturing. The economic crisis hurt the manufacturing sector deeply, thus pulling down the demand for ferrous metal foundry products and consequently slashing industry revenue. After the recession, returning demand has been the primary reason for the industry's recovery. Major international markets will also support the industry's recovery. Continued stable growth in demand and steady steel price increases will improve industry performance in coming years.
Firms in the industry make iron and steel castings, either from purchased metals or in integrated secondary smelting and casting plants.
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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