Ferrous Metal Foundry Products industry revenue is projected to grow over the five years to 2014. Despite significant gains following the economic downturn, industry growth has decelerated in recent years. The economic slowdown in emerging markets, such as China, and debt issues in developed countries, such as the United States and Europe, have weakened demand and prices for ferrous metals worldwide. In particular, excess supply and declining demand for iron ore in China has hurt prices for industry products, leading revenue to marginally decline in 2014. Rising industrial production and construction activity will drive revenue growth over the five years to 2019. Foundries will become more integrated into downstream manufacturers' production processes, working with customers to create higher quality, more precise castings.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.