Industry Analysis & Industry Trends
Industry revenue is expected to decline at a compound annual rate of 6.1% over the five years through 2016-17. Revenue is influenced by demand trends, as well as changes in steel prices. Steel prices are expected to have declined overall during the past five years, despite registering significant year-on-year fluctuations. This instilled a high degree of revenue volatility. Industrial production activity is projected to have remained stagnant, negatively influencing demand for steel castings, as they are widely used in engineered products. However, residential and non-residential building construction activity rebounded and had a favourable influence on demand... purchase to read more
Industry Report - Industry Products Chapter
Tube and pipe fittings
Tube and pipe fittings of cast steel are expected to account for 48.7% of industry revenue in 2016-17, making it the largest segment of the industry. Industry operators produce various types of steel tubes and pipe fittings. These are used in buildings, water and sewerage infrastructure, automobiles and machinery. Operators in the energy sector also purchase tubes and pipes fittings from industry operators. This segment's share of revenue is expected to have remained relatively stable during the past five years. This was mainly because it is used by a wide variety of industries.
Steel castings for machinery and mechanical appliances
This segment is estimated to account for 31.9% of industry revenue in 2016-17. Ind.. purchase to read more