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U.S. Steel Foundries (Except Investment) Market. Analysis And Forecast to 2030

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Article Publishing Date: Apr 24, 2023

Price of Steel Hits Record High in US as Foundries See 18% Increase to $4,583 per Ton

U.S. Steel Foundry Import Price in February 2023

In February 2023, the steel foundry price amounted to $4,583 per ton (CIF, US), jumping by 18% against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in November 2022 an increase of 29% m-o-m. Over the period under review, average import prices hit record highs in February 2023.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was South Korea ($11,938 per ton), while the price for China ($2,981 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by South Korea (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRY	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
COUNTRY	Import Price of Steel Foundry in U.S. (USD per ton)
South Korea	4,412	8,743	5,761	3,727	4,235	6,095	4,501	5,032	5,303	4,845	4,699	4,598	11,938
Canada	9,513	5,864	6,645	5,737	6,796	7,832	9,174	11,844	9,495	9,675	5,253	9,059	7,293
Austria	4,892	4,112	4,221	5,722	4,116	6,145	5,562	5,379	5,096	5,484	4,573	6,694	5,974
Sweden	3,066	24,261	2,291	2,614	4,167	4,183	4,955	19,590	3,715	4,906	3,144	2,598	5,516
Brazil	4,945	4,788	5,440	5,413	4,327	4,688	7,694	4,320	4,650	5,009	4,658	4,518	4,900
India	3,565	3,612	3,916	3,141	3,657	3,344	3,982	3,913	3,157	4,857	6,570	3,888	4,149
Argentina	2,150	2,795	3,120	1,898	3,033	2,241	2,075	2,198	2,469	2,899	2,797	2,982	3,783
China	3,357	3,378	3,191	3,106	3,000	3,067	3,057	3,212	3,016	3,196	2,941	2,937	2,981
Average	3,818	3,911	3,921	3,704	3,814	3,938	4,362	3,811	3,549	4,566	4,033	3,885	4,583

U.S. Steel Foundry Imports

In February 2023, supplies from abroad of steel foundries (except investment) decreased by -1.8% to 4.7K tons, falling for the fourth consecutive month after four months of growth. In general, imports recorded a slight contraction. The most prominent rate of growth was recorded in July 2022 when imports increased by 18% m-o-m.

In value terms, steel foundry imports soared to $21M (IndexBox estimates) in February 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 when imports increased by 22% m-o-m.

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U.S. Steel Foundry Imports by Country

In February 2023, China (2.1K tons) constituted the largest steel foundry supplier to the United States, with a 44% share of total imports. Moreover, steel foundry imports from China exceeded the figures recorded by the second-largest supplier, India (953 tons), twofold. Austria (253 tons) ranked third in terms of total imports with a 5.4% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of volume from China amounted to -2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+0.6% per month) and Austria (+2.3% per month).

In value terms, China ($6.1M), India ($4M) and Canada ($1.7M) were the largest steel foundry suppliers to the United States, with a combined 55% share of total imports. These countries were followed by Austria, Sweden, Brazil, Argentina and South Korea, which together accounted for a further 25%.

Among the main suppliers, Sweden, with a CAGR of +14.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel foundry market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

NAICS 331513 - Steel foundries (except investment)

Companies mentioned:

Union Electric Steel Corporation
Hensley Industries
Bradken
Spuncast
Winsert
Sivyer Steel Corporation
Columbia Steel Casting Co
Eagle Alloy
Huron Casting
The Harrison Steel Castings Co
ME Global
Maynard Steel Casting Company
Omaha Steel Castings Company
The Frog Switch and Manufacturing Company
Columbus Steel Castings Co
Metaltek International
Bradken - Atlas
Wollaston Alloys
Alcon Industries
Wyman-Gordon Investment Castings
Steel Dynamics Columbus
Matrix Metals
Southern Cast Products
Texas Steel Partners
NFC Castings
Jmac Development
Nucor Steel Seattle
Isg Lackawanna
Bradken - Atchison/St. Joseph
Worthington Steelpac Systems
E2 Acquisition Corporation

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Steel Foundries (Except Investment) Market. Analysis And Forecast to 2030

Price of Steel Hits Record High in US as Foundries See 18% Increase to $4,583 per Ton

U.S. Steel Foundry Import Price in February 2023

U.S. Steel Foundry Imports

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U.S. Steel Foundry Imports by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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