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Press Release: UK Iron & Steel Castings Market Development Report

Released: April 2004

After researching the UK iron & steel castings market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

Market Review 1999-2003:

The 5% overall decline in demand for iron and steel castings between 1999 and 2003, is partly due to product substitution in the automotive end users nd reduced levels of demand from other end use sectors due to difficulties in the manufacturing industry in general. Demand for low cost imports in recent years has also hampered development in the UK market. In 2003 the UK market for iron and steel castings is valued at 1 022 700 tonnes.

Market Forecast 2004-2008:

Overall, MBD expect moderate fluctuations in the volume of the UK market for iron and steel castings between 2004 and 2008 with an overall 2% increase expected to take the volume of the market from 1 005 300 tonnes in 2004 to 1 025 200 tonnes in 2008.

Note to Editors:

MBD specialises in business to business market research. The range of reports and industries in which we operate in is constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

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