Iron & Steel Casting in China - Industry Market Research Report

Iron & Steel Casting in China - Industry Market Research Report

Iron & Steel Casting in China

By volume, China's annual casting output has been the highest in the world for the past 10 years. China produced 16.3 million tons of castings in 2002, equal to the United States' and Japan's combined output. In 2023, China's casting output is expected to total 54.1 million tons. Industry revenue was declined at an annualized 2.0% over the five years through 2023, to $120.3 billion. This trend includes anticipated decrease of 7.5% in the current year.

Firms in the Iron and Steel Casting industry cast iron or steel and manufacture steel or iron products. The manufacture of cast iron and steel products involves melting the metal to be used, pouring it into a mold, letting it cool and then knocking out the casting. Final cast products that are manufactured in this industry include pipes, valves, parts, components, hydraulic pressure units and pneumatic units.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.