Industry Analysis & Industry Trends
The Ferrous Metal Foundry Products industry relies heavily on demand from other sectors of the economy, particularly manufacturing. The economic crisis hurt the manufacturing sector deeply, dragging down demand for ferrous metal foundry products and consequently slashing industry revenue. The industry began its recovery after the recession subsided and demand returned, particularly from international markets. Continued stable growth in demand and steady steel price increases are anticipated to improve industry performance in coming years... purchase to read more
Industry Report - Industry Locations Chapter
Industry activity is concentrated in the Great Lakes, Southeast, West and Mid-Atlantic regions. Initially, metal casting firms were located in areas that allowed them to take advantage of proximity to raw materials, coal and water for cooling, processing and transportation. As the industry developed, facilities were built where electricity could be obtained at a reasonable cost. The location of firms in the industry is also influenced by factors such as population dispersion, general economic activity and construction investment. In general, more populated regions will have a greater demand for ferrous castings... purchase to read more