STEEL MARKET SUMMARY*


Metal Valve - NAICS 33291 Short Term Annual Growth Rate (AGR) ‘15-’18 ................ -2.9% Long Term AGR ‘15-’24 .............................................................. -0.7%


Construction Machinery Manufacturing - NAICS 333120 Short Term AGR ‘15-’18 ................................................................. 6.3% Long Term AGR ‘15-’24 ................................................................. 2.7%


Mining Machinery and Equipment - NAICS 333131 Short Term AGR ‘15-’18 ................................................................. 12.1% Long Term AGR ‘15-’24 .................................................................... 5%


Oil and Gas Field Equipment - NAICS 333132 Short Term AGR ‘15-’18 ................................................................ 18.6% Long Term AGR ‘15-’24 .................................................................... 7%


Industrial and Commercial Fan and Blower - NAICS 333412 Short Term AGR ‘15-’18 ................................................................ -3.5% Long Term AGR ‘15-’24 .............................................................. -0.9%


Engine, Turbine and Power Transmission Equipment - NAICS 3336 Short Term AGR ‘15-’18 ................................................................... 2.1% Long Term AGR ‘15-’24 ..................................................................... 1%


Industrial Process Furnace and Oven - NAICS 333994 Short Term AGR ‘15-’18 .................................................................. 7.6% Long Term AGR ‘15-’24 ................................................................ 2.9%


Railroad Rolling Stock Manufacaturing - NAICS 3365 Short Term AGR ‘15-’18 ................................................................ -2.6% Long Term AGR ‘15-’24 .............................................................. -0.6%


TOTAL Short Term AGR ‘15-’18 ................................................................... 1.5% Long Term AGR ‘15-’24 ................................................................ 0.9% 2016 Sales Forecast ................................... $3,334,810,000


*Does not include steel investment castings. INVESTMENT CAST STEEL MARKET SUMMARY


Sporting and Athletic Goods Manufacturing - NAICS 339920 Short Term Annual Growth Rate (AGR) ‘15-’18 ................. 3.6% Long Term AGR ‘15-’24 .................................................................... 2%


Industrial Valve - NAICS 332911 Short Term AGR ‘15-’18 ................................................................. 3.6% Long Term AGR ‘15-’24 .................................................................... 2%


Small Arms Manufacturing - NAICS 332994 Short Term AGR ‘15-’18 .................................................................. 1.9% Long Term AGR ‘15-’24 ................................................................. 1.4%


Engine, Turbine, and Power Transmission Equipment - NAICS 3336 Short Term AGR ‘15-’18 .................................................................. 3.2% Long Term AGR ‘15-’24 .................................................................. 1.8%


MAGNESIUM MARKET SUMMARY


Hand and Edge Tool Manufacturing - NAICS 332216 Short Term Annual Growth Rate (AGR) ‘15-’18 ................. 5.4% Long Term AGR ‘15-’24 .................................................................. 4.1%


Transportation Equipment - NAICS 336 Short Term AGR ‘15-’18 ................................................................. 2.4% Long Term AGR ‘15-’24 ................................................................ 2.9%


Sporting and Athletic Goods - NAICS 339920 Short Term AGR ‘15-’18 ................................................................. 4.5% Long Term AGR ‘15-’24 ................................................................ 3.8%


TOTAL Short Term AGR ‘15-’18 ................................................................. 3.6% Long Term AGR ‘15-’24 ................................................................ 3.4% 2016 Sales Forecast .................................... $1,183,590,000


Transportation Equipment Manufacturing - NAICS 336 Short Term AGR ‘15-’18 .................................................................. 2.2% Long Term AGR ‘15-’24 .................................................................. 1.5%


Hand and Edge Tool Manufacturing - NAICS 332216 Short Term AGR ‘15-’18 ................................................................. -1.3% Long Term AGR ‘15-’24 ................................................................ 0.2%


TOTAL Short Term AGR ‘15-’18 ................................................................... 2.1% Long Term AGR ‘15-’24 ................................................................. 1.4% 2016 Sales Forecast ................................... $3,814,640,000


Jan/Feb 2016 | METAL CASTING DESIGN & PURCHASING | 33


Photo by Pierre-Yves Beaudouin / Wikimedia Commons.


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