After a period of heavy beatings, the Iron and Steel Forging industry is expected to emerge with a stronger and brighter outlook. In the past five years, the industry has not enjoyed a single period of positive revenue growth. Industry revenue is estimated to decline at a compound rate of 4.6% in the five years through 2012-13. Despite this, margins have been relatively healthy, mainly attributed to the ability of operators to pass on prices to their clients.
Being a producer of mainly intermediate products, the industry is at the mercy of the performance of its downstream buyers.
Operators in this industry are mainly engaged in iron and steel forging activities. These activities involve the shaping of iron and steel into different forms. The process alters the physical properties of the metals, resulting in improved strength characteristics.
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.