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Article: Forgings demand looks to slip 2%.(Brief Article)
- Article from:
- Purchasing
- Article date:
- May 4, 2000
- Author:
CopyrightCOPYRIGHT 2000 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Best guess to date is that North American sales of forged metal rose 4% to 1.99 million tons equal to a record $6.6 billion worth of these formed metal components and parts. Sales exploded by a revised 15.5% in 1997 for the nation's 150 custom-forging firms who belong to the Forging Industry Association, largely due to an unexpected surge in shipments of custom impression die forgings to the automotive, commercial aviation and aerospace industries. Over the past two years, however, sales growth for all forgings has averaged just 3.4%, and now looks to slide by 2% this year to 1.95 million tons.
However, the torrid sales pace of the past two years may be cooling ...