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Market for iron castings may rise slightly in 1991, according to new study.

Despite a slowing economy and lower demand in its leading market, the iron casting market in 1991 will exceed 10.6 million tons, an increase of less than 1 % from 1990, according to a newly released foundry forecast by CAST Forecast, inc.

Gray iron is expected to decline in 1991, primarily due to smaller engines and other components in passenger cars and light trucks, the forecast said. However, ductile iron should grow in demand by about 70,000 tons more than 1990's market.

The study identifies the fastest-growing markets for iron castings from 1987-91 as oil and gas field machinery and metalworking machinery. Markets declining in the same period include the ingot mold, medium and heavy truck, and automobile and light truck casting markets.

The report, Iron Castings Market Outlook-1991, offers a demand forecast that includes shipments and estimates of tonnages imported by the U.S. It also includes detailed background on 20 key markets for castings and profiles of 20 major iron foundry companies.

CAST Forecast is a new corporation that was established to develop market research information for the foundry industry and to perform other general consulting work. Iron Castings Market Outlook-199 1, which had been in preparation for over a year, is the company's first study.

The 160-page study is available to subscribers for $750 by contacting: CAST Forecast, inc, B8015 Mercantile Plaza, Suite 230, St. Charles, IL 60174; 708/584-7219.
COPYRIGHT 1990 American Foundry Society, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Industry News
Publication:Modern Casting
Date:Dec 1, 1990
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