Industry Analysis & Industry Trends
After a period of heavy beatings, the Iron and Steel Forging industry is expected to emerge with a stronger and brighter outlook. Over the five years through 2013-14, industry revenue is estimated to decline at a compound annual rate of 2.3% to reach $857.4 million. Despite this, profit margins have been relatively healthy, which is mainly attributed to the ability of operators to pass on price rises to their clients. Despite the ups and downs in input prices during the past five years, many operators have been able to keep their margins positive.
As a producer of primarily intermediate products, the industry is at the mercy of the performance of its downstream buyers. A... purchase to read more
Industry Report - Industry Products Chapter
The industry produces a large range of products, including steel hooks, pipes, valves and horseshoes. Therefore, its products and services are categorised based on production methodology.
Forging involves deforming a piece of metal to alter its shape or properties. Forging is usually carried out by applying compressive force that is large enough to alter the grain structure of the metal (altering the orientation of metal particles inside the work piece). Forging can generally be categorised into two main groups: cold forging and hot forging.
Hot forging involves the application of heat during the forging process. Temperatures may reach as high as 1,200 degrees Celsius for hot steel forging... purchase to read more