Casting doubt: Constrained construction activity is causing revenue to slump in 2023-24
The steel casting industry's revenue has contracted at a projected compound annual rate of 5.5% over the five years through 2023-24. Volatility in the market for steel has significantly affected steel casting companies as steel hikes have inflated purchasing costs and revenue. Tariffs imposed on steel and steel products have also contributed to artificially high domestic steel prices. Investor uncertainty surrounding Brexit has contributed to a weakened pound, increasing the competitiveness of exported steel casts and pushing up the price of imported steel and steel alloy inputs.
Companies in this industry operate foundries that cast steel.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- William Cook Holdings Ltd
- Sheffield Forgemasters Engineering Ltd
- Goodwin Steel Castings Ltd
Methodology
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