Iron and Steel Casting Global Market

Iron and Steel Casting  Global Market

Global Iron and Steel Casting Market Industry Research Report 2026

Explore detailed insights, trends, growth drivers, key players, and forecasts for the Global Iron and Steel Casting Market Industry Research Report 2026 market worldwide.

Pages: 220

Format: PDF

Date: 01-2026

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Global Iron and Steel Casting Market – Market Description

The Global Iron and Steel Casting Market is a foundational segment of the global metals and manufacturing industry, supplying critical components to automotive, transportation, infrastructure, machinery, energy, and industrial equipment sectors. Iron and steel castings are produced through controlled melting and molding processes to achieve complex shapes, high strength, durability, and cost efficiency.

The Global Iron and Steel Casting Market Report 2025 provides a comprehensive analysis of market structure, capacity trends, technological advancements, and competitive dynamics. The study evaluates historical market performance and forecasts growth during the 2026–2036 period, incorporating macroeconomic factors, government policies, infrastructure spending, and advances in foundry automation and metallurgical processes.

Market growth is supported by rising vehicle production, infrastructure modernization, expanding energy projects, and increased demand for durable metal components in heavy industries.

Market Segmentation

By Type

  • Large Casting (40 MT – 320 MT)
    • Used in power generation, heavy machinery, shipbuilding, and mining
    • High structural strength and load-bearing capability
  • Medium Casting (9 MT – 40 MT)
    • Applied in industrial machinery, pumps, valves, and transport equipment
    • Balance between complexity and production efficiency
  • Small Casting (5 kg – 8 MT)
    • Widely used in automotive components, fittings, and general engineering
    • High-volume production with cost optimization

By Application

  • Automotive & Transport
    • Engine blocks, transmission parts, suspension components
  • Pipes & Fittings
    • Water supply, sewage, oil & gas pipeline infrastructure
  • Pumps & Valves
    • Industrial fluid handling and process control
  • Machinery & Equipment
    • Construction, agricultural, and industrial machinery
  • Others
    • Railways, energy, marine, and defense applications

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Spain, Russia, others)
  • Asia-Pacific (China, India, Japan, Southeast Asia, others)
  • South America (Brazil, Argentina, others)
  • Middle East & Africa (Saudi Arabia, South Africa, others)

Impact of COVID-19 on the Iron and Steel Casting Market

The COVID-19 pandemic significantly affected the Iron and Steel Casting market in 2020 due to:

  • Temporary shutdown of foundries and manufacturing plants
  • Decline in automotive and construction demand
  • Supply chain disruptions and labor shortages

Recovery was driven by:

  • Restart of infrastructure and industrial projects
  • Gradual rebound in automotive and transportation sectors
  • Government stimulus programs supporting manufacturing and construction

Post-pandemic, the market has regained momentum, with increased focus on supply chain resilience and domestic manufacturing capabilities.

Key Players Analysis

Major companies operating in the global Iron and Steel Casting market include:

  • ArcelorMittal
  • Amsted Rail
  • Tata Steel
  • EVRAZ
  • Hitachi Metals
  • Nucor
  • Kobe Steel
  • ESCO Group
  • Calmet
  • Hyundai Steel
  • Nelcast
  • OSCO Industries

Competition is based on production capacity, casting quality, cost efficiency, technology adoption, and long-term supply contracts.

Porter’s Five Forces Analysis

  • Threat of New Entrants: Low
    High capital investment, environmental compliance, and scale requirements limit entry.
  • Bargaining Power of Suppliers: Moderate
    Dependence on scrap metal, iron ore, and energy impacts cost structures.
  • Bargaining Power of Buyers: High
    Large OEMs and infrastructure buyers exert pricing and quality pressure.
  • Threat of Substitutes: Low
    Limited substitutes offer comparable strength, durability, and cost efficiency.
  • Competitive Rivalry: High
    Intense competition among global and regional foundries.

SWOT Analysis

Strengths

  • Essential role in automotive and infrastructure industries
  • High strength and durability of cast components
  • Mature and scalable manufacturing technologies

Weaknesses

  • Energy-intensive production processes
  • Exposure to raw material and energy price volatility
  • Environmental compliance costs

Opportunities

  • Infrastructure development in emerging economies
  • Growth in electric vehicles and renewable energy equipment
  • Adoption of automation and smart foundry technologies

Threats

  • Environmental regulations and carbon emission constraints
  • Cyclical demand from automotive and construction sectors
  • Competition from alternative lightweight materials

Trend Analysis

  • Increasing adoption of ductile iron and high-strength steel castings
  • Automation and digitalization of foundry operations
  • Growing demand for lightweight and precision cast components
  • Capacity expansion in Asia-Pacific

Market Drivers

  • Expansion of automotive and transportation industries
  • Government investments in infrastructure and urban development
  • Growth in energy, water, and pipeline projects
  • Rising demand for durable industrial machinery

Market Challenges

  • High energy consumption and emissions
  • Fluctuating raw material prices
  • Skilled labor shortages in foundry operations
  • Compliance with stringent environmental regulations

Value Chain Analysis

  • Raw Material Suppliers – Iron ore, scrap metal, alloys, energy
  • Foundries & Casting Manufacturers – Melting, molding, finishing
  • Machining & Fabrication – Precision finishing and assembly
  • End Users – Automotive, infrastructure, machinery, and energy sectors

Market Outlook (2026–2036)

The global Iron and Steel Casting market is expected to grow at a steady CAGR during the forecast period, supported by:

  • Continued infrastructure and industrial expansion
  • Stable demand from automotive and transportation sectors
  • Technological advancements improving efficiency and sustainability

Overall, the market outlook remains stable to positive, with long-term demand driven by industrialization, urban development, and global infrastructure needs.

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1. Market Overview of Iron and Steel Casting
    1.1 Iron and Steel Casting Market Overview
        1.1.1 Iron and Steel Casting Product Scope
        1.1.2 Market Status and Outlook
    1.2 Iron and Steel Casting Market Size by Regions:
    1.3 Iron and Steel Casting Historic Market Size by Regions
    1.4 Iron and Steel Casting Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2025 Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Iron and Steel Casting Sales Market by Type
    2.1 Global Iron and Steel Casting Historic Market Size by Type
    2.2 Global Iron and Steel Casting Forecasted Market Size by Type
    2.3 Large Casting?40MT-320MT?
    2.4 Medium Casting(9MT-40MT)
    2.5 Small Casting(5Kg-8MT)
3. Covid-19 Impact Iron and Steel Casting Sales Market by Application
    3.1 Global Iron and Steel Casting Historic Market Size by Application
    3.2 Global Iron and Steel Casting Forecasted Market Size by Application
    3.3 Automotive & Transport
    3.4 Pipes & Fittings
    3.5 Pumps & Valves
    3.6 Machinery & Equipment
    3.7 Others
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Iron and Steel Casting Production Capacity Market Share by Manufacturers
    4.2 Global Iron and Steel Casting Revenue Market Share by Manufacturers
    4.3 Global Iron and Steel Casting Average Price by Manufacturers
5. Company Profiles and Key Figures in Iron and Steel Casting Business
    5.1 ArcelorMittal
        5.1.1 ArcelorMittal Company Profile
        5.1.2 ArcelorMittal Iron and Steel Casting Product Specification
        5.1.3 ArcelorMittal Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.2 Amsted Rail
        5.2.1 Amsted Rail Company Profile
        5.2.2 Amsted Rail Iron and Steel Casting Product Specification
        5.2.3 Amsted Rail Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.3 Tata Steel
        5.3.1 Tata Steel Company Profile
        5.3.2 Tata Steel Iron and Steel Casting Product Specification
        5.3.3 Tata Steel Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.4 Evraz
        5.4.1 Evraz Company Profile
        5.4.2 Evraz Iron and Steel Casting Product Specification
        5.4.3 Evraz Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.5 Hitachi Metals
        5.5.1 Hitachi Metals Company Profile
        5.5.2 Hitachi Metals Iron and Steel Casting Product Specification
        5.5.3 Hitachi Metals Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.6 Nucor
        5.6.1 Nucor Company Profile
        5.6.2 Nucor Iron and Steel Casting Product Specification
        5.6.3 Nucor Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.7 Kobe Steel
        5.7.1 Kobe Steel Company Profile
        5.7.2 Kobe Steel Iron and Steel Casting Product Specification
        5.7.3 Kobe Steel Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.8 ESCO Group
        5.8.1 ESCO Group Company Profile
        5.8.2 ESCO Group Iron and Steel Casting Product Specification
        5.8.3 ESCO Group Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.9 Calmet
        5.9.1 Calmet Company Profile
        5.9.2 Calmet Iron and Steel Casting Product Specification
        5.9.3 Calmet Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.10 Hyundai Steel
        5.10.1 Hyundai Steel Company Profile
        5.10.2 Hyundai Steel Iron and Steel Casting Product Specification
        5.10.3 Hyundai Steel Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.11 Nelcast
        5.11.1 Nelcast Company Profile
        5.11.2 Nelcast Iron and Steel Casting Product Specification
        5.11.3 Nelcast Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
    5.12 OSCO Industries
        5.12.1 OSCO Industries Company Profile
        5.12.2 OSCO Industries Iron and Steel Casting Product Specification
        5.12.3 OSCO Industries Iron and Steel Casting Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Iron and Steel Casting Market Size
    6.2 North America Iron and Steel Casting Key Players in North America
    6.3 North America Iron and Steel Casting Market Size by Type
    6.4 North America Iron and Steel Casting Market Size by Application
7. East Asia
    7.1 East Asia Iron and Steel Casting Market Size
    7.2 East Asia Iron and Steel Casting Key Players in North America
    7.3 East Asia Iron and Steel Casting Market Size by Type
    7.4 East Asia Iron and Steel Casting Market Size by Application
8. Europe
    8.1 Europe Iron and Steel Casting Market Size
    8.2 Europe Iron and Steel Casting Key Players in North America
    8.3 Europe Iron and Steel Casting Market Size by Type
    8.4 Europe Iron and Steel Casting Market Size by Application
9. South Asia
    9.1 South Asia Iron and Steel Casting Market Size
    9.2 South Asia Iron and Steel Casting Key Players in North America
    9.3 South Asia Iron and Steel Casting Market Size by Type
    9.4 South Asia Iron and Steel Casting Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Iron and Steel Casting Market Size
    10.2 Southeast Asia Iron and Steel Casting Key Players in North America
    10.3 Southeast Asia Iron and Steel Casting Market Size by Type
    10.4 Southeast Asia Iron and Steel Casting Market Size by Application
11. Middle East
    11.1 Middle East Iron and Steel Casting Market Size
    11.2 Middle East Iron and Steel Casting Key Players in North America
    11.3 Middle East Iron and Steel Casting Market Size by Type
    11.4 Middle East Iron and Steel Casting Market Size by Application
12. Africa
    12.1 Africa Iron and Steel Casting Market Size
    12.2 Africa Iron and Steel Casting Key Players in North America
    12.3 Africa Iron and Steel Casting Market Size by Type
    12.4 Africa Iron and Steel Casting Market Size by Application
13. Oceania
    13.1 Oceania Iron and Steel Casting Market Size
    13.2 Oceania Iron and Steel Casting Key Players in North America
    13.3 Oceania Iron and Steel Casting Market Size by Type
    13.4 Oceania Iron and Steel Casting Market Size by Application
14. South America
    14.1 South America Iron and Steel Casting Market Size
    14.2 South America Iron and Steel Casting Key Players in North America
    14.3 South America Iron and Steel Casting Market Size by Type
    14.4 South America Iron and Steel Casting Market Size by Application
15. Rest of the World
    15.1 Rest of the World Iron and Steel Casting Market Size
    15.2 Rest of the World Iron and Steel Casting Key Players in North America
    15.3 Rest of the World Iron and Steel Casting Market Size by Type
    15.4 Rest of the World Iron and Steel Casting Market Size by Application
16 Iron and Steel Casting Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Large Casting (40 MT – 320 MT)
    • Used in power generation, heavy machinery, shipbuilding, and mining
    • High structural strength and load-bearing capability
  • Medium Casting (9 MT – 40 MT)
    • Applied in industrial machinery, pumps, valves, and transport equipment
    • Balance between complexity and production efficiency
  • Small Casting (5 kg – 8 MT)
    • Widely used in automotive components, fittings, and general engineering
    • High-volume production with cost optimization

By Application

  • Automotive & Transport
    • Engine blocks, transmission parts, suspension components
  • Pipes & Fittings
    • Water supply, sewage, oil & gas pipeline infrastructure
  • Pumps & Valves
    • Industrial fluid handling and process control
  • Machinery & Equipment
    • Construction, agricultural, and industrial machinery
  • Others
    • Railways, energy, marine, and defense applications

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Spain, Russia, others)
  • Asia-Pacific (China, India, Japan, Southeast Asia, others)
  • South America (Brazil, Argentina, others)
  • Middle East & Africa (Saudi Arabia, South Africa, others)

Impact of COVID-19 on the Iron and Steel Casting Market

The COVID-19 pandemic significantly affected the Iron and Steel Casting market in 2020 due to:

  • Temporary shutdown of foundries and manufacturing plants
  • Decline in automotive and construction demand
  • Supply chain disruptions and labor shortages

Recovery was driven by:

  • Restart of infrastructure and industrial projects
  • Gradual rebound in automotive and transportation sectors
  • Government stimulus programs supporting manufacturing and construction

Post-pandemic, the market has regained momentum, with increased focus on supply chain resilience and domestic manufacturing capabilities.

Key Players Analysis

Major companies operating in the global Iron and Steel Casting market include:

  • ArcelorMittal
  • Amsted Rail
  • Tata Steel
  • EVRAZ
  • Hitachi Metals
  • Nucor
  • Kobe Steel
  • ESCO Group
  • Calmet
  • Hyundai Steel
  • Nelcast
  • OSCO Industries

Competition is based on production capacity, casting quality, cost efficiency, technology adoption, and long-term supply contracts.

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