Industry Analysis & Industry Trends
The forging of iron and steel is a method used for processing metal by the application of thermal and mechanical pressure, to reach the desired shape. Forging generally produces stronger steel components than metal casting, and the finished product is suitable for high-stress applications. Traditionally, forged products have been important inputs into motor vehicle manufacturing and the production of other machinery, but these markets are steadily drying up as local manufacturers lose their competitive edge against imports.
Demand for forged products from the mining, construction and transport sectors has been insufficient to offset the loss of sales to the Manufacturing division as these customers import finished manufactured products... purchase to read more
Industry Report - Industry Products Chapter
Forging is the application of thermal and mechanical energy to steel billets or ingots to cause the material to change shape while in a solid state. This contrasts with metal casting, the process where metal is heated until molten and poured into a mould or vessel to create a desired shape.
The forging process varies considerably among firms and by product type. The principal products forged in Australia include grinding media, rail wheels and axles, fasteners, steel hooks, pipes and precision valves. The most common types of forging include open die forging, impression die forging, rolled ring forging (seamless ring forging), induction forging, cold forging and flashless forging (enclosed impression die forging)... purchase to read more