The Iron and Steel Casting industry is involved in the production of intermediate products, which are then consumed by a wide variety of users. This means that the performance of the industry is heavily influenced by developments within key downstream industries.
Structural changes within Australia's industrial economy, combined with a cyclical downturn in key consuming industries within the Manufacturing division, have taken its toll on the Iron and Steel Casting industry over the past five years. Marked volatility in iron ore and steel prices have added to the industry's woes, as have ongoing consolidation pressures within Australia's general steel sector.
Operators in this industry produce iron and steel products through a process called casting, which involves pouring molten ferrous metals into moulds. The industry's products are then consumed as intermediate inputs by a wide array of user industries.
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.