The Iron and Steel Casting and Forging industry has weathered changing conditions over the past five years. From global downturn to a mining boom, upstream and downstream industries have affected many facets of business – from the availability and price of iron and steel inputs and labour, to the changing demand in downstream mining and automotive industries. Rising fuel prices, domestic spending on infrastructure and booming Asian economies have placed demand on different areas of the forging and casting segments.
Firms in this industry are mainly engaged in iron and steel casting and forging. The manufacture of cast iron and steel products involves melting the metal to be used, pouring it into a mould, letting it cool and then knocking out the casting. Forging involves the use of machinery with a hammering or pressing action to convert iron or steel bars or other basic shapes into a pre-determined form.
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.