Steady Rebound From Recession


U.S. casting sales are forecast to grow in almost all metals, topping $37 billion in 2016. A MODERN CASTING STAFF REPORT


of 2010. After shipping $31.5 billion in castings in 2007, the industry bottomed out at $21.6 billion in shipments in 2009 at the depth of the recession. Te industry began to rebound in 2010 with


T


he U.S. metalcast- ing industry’s sales have recovered from a dramatic recession that began at the end of 2008 and continued through the first part


an estimated growth of 18% from the previous year to $25.46 billion, and this continued in 2011, reaching $29.64 bil- lion in sales. Te recovery is expected to continue through 2015 when sales will reach $37.5 billion, according to the 2014 Metalcasting Forecast and Trends Report published by the American Foundry Society, Schaumburg, Ill. All cast metals are expected to


see sales growth in the short term as customer demand continues to improve.


Ductile iron, aluminum, compacted graphite iron and copper-based alloys see the greatest opportunities for long-term growth. While ductile iron growth is expected across all end markets, it is led by the oil and gas, automotive, construc- tion, and pump and compressor markets. Steel growth will be led by the oil and gas, turbine, material handling, and pump and compressor markets. Te return of the automotive and transportation markets should bring about long-term growth


Ductile iron and aluminum sales figures are expected to continue to grow through 2014.


Titanium, copper-based and other nonferrous alloys are trending upward through 2014.


January 2014 MODERN CASTING | 23


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