IndexBox has just released a new report “U.S. Iron And Steel Forging Market – Analysis And Forecast to 2025“.
According to the report, the value of iron and steel forging production in the U.S. totaled $7.2B in 2016, dropping by -11.5% Y-o-Y. Overall, the U.S. iron and steel forging output pursued a measured decline from 2007 to 2016. The total output figures decreased at an average annual rate of -0.4%. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The most prominent growth was recorded in 2011, when the value of production increased by +19% Y-o-Y. Over the period under review, the output figure with regard to iron and steel forging in the United States attained its maximum level of $9.2B in 2013. Afterwards, the growth in terms of the iron and steel forging production failed to regain its strength through to 2016.
Hot impression die impact, press, and upset steel forgings constituted the major product category in the U.S. iron and steel forging manufacturing, with a share in total output standing near 68% in 2016. Seamless rolled ring forgings, ferrous, made from purchased iron and steel lagged far behing, accounting for only the 15% share. The other related products together comprised approx. 16% of the total output. From 2008 to 2016, the value of shipments of hot impression die impact, press, and upset steel forgings went down at an average annual rate of -0.1%. By contrast, the output of seamless rolled ring forgings, ferrous, made from purchased iron and steel grew by an average +8.4% per year.
This report is designed to provide accurate and comprehensive data, as well as a detailed analysis of the current state and midterm prospects of the U.S. iron and steel forging industry. It includes a market overview, which consolidates the key conclusions made from the analysis of the market study, revealing actionable insights in the iron and steel forging industry. The report provides a forecast of the expected changes in the iron and steel forging market in coming years, based on historical trends, external and internal factors, and the main developments affecting the market. Each section contains an in-depth analysis of the data provided. Further data in the report includes: the historical values and current projections regarding production and consumption volume, datasets on the industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
The trade section provides data on trade partners, such as historical data on imports & exports for each partner country, changes in the direction of trade, as well as import & export prices. An analysis of the iron and steel forging trade shows the opportunities that are currently evolving for producers and suppliers in a changing market.
Product coverage: Hot impression die impact, press, and upset steel forgings; Cold impression die impact, press, and upset steel forgings; Seamless rolled ring forgings, ferrous, made from purchased iron and steel; Open die and smith forgings (hammer and press), ferrous, made from purchased iron and steel.
Companies mentioned:
Fairfield Manufacturing Company, Scot Forge Company, Joy Global Surface Mining Inc., Ameriforge Group, Wyman-Gordon Forgings, Rockford Products, Impact Forge Group, Canton Drop Forge, Sypris Technologies, GKN Driveline Newton, Park-Ohio Holdings Corp., Ellwood Texas Forge Navasota, The Crosby Group, Ameriforge Corporation, ATI Ladish, Colfor Manufacturing, Form Hhi Tech, Park-Ohio Industries, A T I Funding Corporation, Geneve Holdings, North American Hoganas Holdings, Cordier Group Holdings, Tdy Holdings, PSEG Nuclear , Hephaestus Holdings, Ieh FM Holdings , ATI Titanium, M P I International, Handy & Harman Group, ATI Operating Holdings, Federal-Mogul Holdings Corporation.
IndexBox’s methodology consists of obtaining information from a list or highly reliable sources (both paid and open), which include, but are not limited to:
– International official statistical agencies
– Governmental statistical agencies
– Official trade statistics
– Paid trade databases
– Industrial associations
– Company reports
– Industry experts
The AI platform, developed by IndexBox data scientists, compares the disparate pieces of information gathered from various sources, using the relevant methods of data cleaning, categorization, normalization, and predictive modelling for each unique situation. The market trends are provided by our experienced analysts, taking into account recent notable events in the market, in both adjacent and related markets, the raw materials markets, and in those markets, which are the main demand creators for the product under research. The forecast is created using a set of predictive and analytical models, mainly by processing country-by-country data on consumption, production, exports, imports and prices, as well as industry, economic and consumption trends, in addition to possible political and technological trends patterns.
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