European Foundry Industry Sentiment

European Foundry Industry Sentiment

After the sig­ni­fic­ant drop due to Rus­si­a’s inva­sion of Ukraine, the busi­ness cli­mate of the European foundries is sta­bil­ising for the time being, des­pite all the uncer­tain­ties. While the assess­ment of the cur­rent busi­ness situ­ation is slightly declin­ing, the expect­a­tions for the com­ing six months are improv­ing mod­er­ately. The his­toric drop of the FISI in recent weeks was, how­ever, due to the lat­ter. The fact that com­pan­ies’ expect­a­tions are rid­ing a roller­coaster given the great uncer­tain­ties is one of the few things that is moment­ar­ily certain.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

The European Foundry Industry Sen­ti­ment Indic­ator (FISI) increased by 0.6 points in May and reaches a value of 106.1 points. After the highest loss since the out­break of corona pan­demic in Europe in March 2020 the FISI has slightly recovered.
After the decline in the pre­vi­ous months was caused by a war-related drop in busi­ness expect­a­tions for the upcom­ing six months, European foundries are now increas­ingly exper­i­en­cing some pos­it­ive effects on their busi­ness situation.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

While the sanc­tions against Rus­sia were stead­ily tightened in March and April, the prob­lems in the sup­ply chains and the adjust­ments in the prices for input mater­i­als are becom­ing more and more appar­ent for European foundries. In addi­tion to the war, global dis­rup­tions in the logist­ics industry have also increased due to the harsh Corona lock­down in China. The FISI drops 2.7 points in April, the largest decline since the Covid-19 out­break in Europe in March 2020.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

The war in Ukraine cre­ates con­sid­er­able uncer­tainty, caus­ing the FISI to drop in March. This is so far less related to a worsened assess­ment of cur­rent busi­ness situ­ation but rather to pess­im­istic expect­a­tions for the upcom­ing six months.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

The fact that the FISI in Feb­ru­ary reached its highest value since pre-Corona June has no sig­ni­fic­ance in view of the Rus­sian inva­sion of Ukraine. The prom­ising data were col­lec­ted before the out­break of the war. The sig­ni­fic­ant mar­ket dis­rup­tions and their impact on European foundries will become vis­ible in the data in March.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

The European foundries have left the dif­fi­cut second half of the pre­vi­ous year behind for the time being. Although high energy prices and Rus­si­a’s aggress­ive beha­viour con­tinue to pose high risks for the European industry, European foundries from all mater­ial classes rate both the cur­rent busi­ness situ­ation and the expect­a­tions for the next six months bet­ter than in the pre­vi­ous month. The latest eas­ing of corona restric­tions is pre­dom­in­antly welcomed. 

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

After recent signs of a com­pre­hens­ive slow­down, steel, iron and non-fer­­rous metal foundries assessed the cur­rent situ­ation in Decem­ber as sig­ni­fic­antly bet­ter than in the pre­vi­ous month. Expect­a­tions for the upcom­ing six months do not, how­ever, take this select­ive assess­ment into account.

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New CAEF pres­id­ent Chiara Danieli with full agenda in key year for European foundry industry

At the turn of the year, the CAEF pres­id­ency passed from Ignacio De la Peña to Chiara Danieli. In addi­tion to the cur­rent chal­lenges regard­ing the avail­ab­il­ity of raw mater­i­als and costs of energy, there is no lack of stra­tegic demands she will have to push for­ward together with the CAEF Gen­eral Sec­ret­ariat and in close align­ment with other European foundry associations.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

While the assess­ment of the cur­rent busi­ness situ­ation for non-fer­­rous metal foundries has already been deteri­or­at­ing for months, a sig­ni­fic­ant set­back is now also set­ting in for iron foundries. Fur­ther rising costs for a vari­ety of raw mater­i­als and energy are put­ting a great bur­den on foundries.

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General Secretariat
CAEF - The European Foundry Association

Hansaallee 203
40549 Düsseldorf
Germany

tel: +49 (0)211 6871 217
fax: +49 (0)211 6871 40217
e-mail: info@caef.eu