US demand for fabricated metal products is forecast to rise 2.7% per annum through 2022, according to Fabricated Metal Products: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from rising domestic durable goods shipments and continued growth in the US construction sector and tariffs on imports of foreign steel and aluminum, as well as fabricated metal products. However, further gains will be limited by ongoing competition from metal castings and alternative materials such as plastics.
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Demand for structural metals – the largest segment – is expected to see increases through 2022. Expansion in commercial building and nonbuilding construction expenditures will drive gains. In addition, rising prices due to tariff protection will help boost demand in value terms.
These and other key insights are featured in Fabricated Metal Products: United States. This report forecasts to 2022 US fabricated metal products demand and shipments in nominal US dollars at the manufacturer level. Total demand is segmented by product in terms of:
- structural metals
- forging and stamping
- machine shops
- coating and treating
- metal containers
- fasteners and hardware
- cutlery and handtools
- springs and wires
- other products such as ammunition, bearings, and industrial valves
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2007 to 2017.
Products classified as primary metals (such as iron and steel mill, refined nonferrous metal, and metal foundry products) are excluded from the scope of this report. Re-exports of fabricated metal products are excluded from demand and trade figures.