Industry Analysis & Industry Trends
The Iron and Steel Forging industry processes iron and steel by applying thermal and mechanical pressure to them until they 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. However, these markets are steadily drying up as local manufacturers lose their competitive edge against imports.
The industry forges iron and steel products for a variety of downstream markets... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Iron and Steel Forging industry is in the decline stage of its life cycle. The industry is exposed to competition from the importation of steel and allow access to markets for products incorporated in finished 'end-use' products, such as railway and automotive machinery, defence equipment and modular construction components. The industry lacks in size to compete with international steel manufacturers, many of which are vertically integrated and have economies of scale when it comes to forging steel. Manufacturers of grinding media and sophisticated bespoke products are likely to be less exposed to foreign competition and are expected to sustain growth over the long term... purchase to read more