The foundry industry needs the talent of the new generation to fulfil its key role in the green transition of the European industry. Women must be part of this strategy, because more than ever it will be the integration of the talents of all that will help to address the important challenges that we have to face in the transformation of our industries and our economies towards a more sustainable future.
CAEF therefore calls on you to participate in the EUROPEAN FOUNDRY WOMEN’S AWARD 2023.
The European Foundry Industry Sentiment Indicator (FISI) records a decrease of 1.73 index points, bringing the index to a value of 105.9 points in March. This marks the first negative month to month development since October last year.
The European Foundry Industry Sentiment Indicator (FISI) records a significant upward correction with a plus of 2.76 index points in February. Overall, the assessment of the current business situation and expectations are brightening across all materials. Meanwhile, the latter, coming from a low base, show the strongest increase.
The European Foundry Industry Sentiment Indicator (FISI) remained at the previous months level of 103.1 points. However, ferrous and non-ferrous metal foundries show different developments in January, which equalise in total.
The European Foundry Industry Sentiment Indicator (FISI) moves sideways in Devember. A minor improvement by 0.1 points brings the index to a value of 103.1 points. Thus, it is the second month in a row without major changes in the overall calculation. However, single components of the FISI develop differently.
The European Foundry Industry Sentiment Indicator (FISI) moves sideways in November. A minor improvement by 0.2 points brings the index to a value of 103.0 points. While business expectations for the next six months have declined again, assessments of the current business situation surprisingly increased in November. Overall, both factors equalise each other in the calculation of the FISI.
In 2021, European foundries have recovered partly from the dramatic reductions caused by the pandemic. Disruptions in the international supply chains and rapidly rising material and energy costs in the second half of the year prohibited a more positive development.
The publication “The European Foundry Industry 2021” is now available on the CAEF website.
Looking ahead to the year 2023, there are stronger signs of a recession in several European economies. It remains unclear how strongly demand for cast components will decline. While order books are still at a good level in many markets, incoming orders are already declining noticeably at the onset of winter.
The European Foundry Industry Sentiment Indicator (FISI) decreased by 2.6 points in September and reaches a value of 104.0 points. This marks the lowest index value in the last 21 months, while it is the sharpest month to month decline since March 2020. Both the expectations for the next six months and the assessment of the current business situation dropped significantly. The exceptionally strong drop is also characterised by the fact that the ratings point in the same direction across all metals.
To exchange ideas during one of the most challenging economic crises since decades more than 80 representatives of European foundries and foundry associations met in Paris on 22 and 23 September at the CAEF Summit 2022. The two-day programme included presentations by experts on various facets of the crisis, but also on perspectives.