The current global developments in the raw materials and energy markets represent a significant threat to Europrean foundry industry continuity. Without immediate political action, the economic recovery and future of skilled industrial workforce is at stake.
Data of unique scope and depth show the impact of the Covid-19 pandemic on European foundries. While the European production of non-ferrous metals decreased by 19.2 % overall, the production of iron, nodular iron and steel castings decreased by 19.8 % compared to 2019.
Chiara Danieli, CEO of Groupe Bouhyer, was elected as president of CAEF for the upcoming year 2022 at the CAEF Council meeting in Bilbao. She will succeed Ignacio De la Peña, who is holding the position since 2020.
In August the European Foundry Sentiment Indicator (FISI) increased again after a slight dampener in the previous month, although shortages of raw materials and cost explosions on the energy markets put pressure on foundries on the procurement side, while short-time work is increasingly being announced by the automotive industry.
In July the European Foundry Sentiment Indicator (FISI) dropped for the first time since exactly one year. TThis development does not yet represent a clear setback. Nevertheless, in particular the high raw material prices and the still tense situation in logistics as well as the problems in the vehicle construction industry are impacting the sentiment among European foundries.
In June the European Foundry Sentiment Indicator (FISI) continues its recovery for the seventh consecutive month. The driving force behind this positive development is the good assessment of the current business situation. Expectations for the coming six months, meanwhile, did not increase significantly, but remain at a high level.
The continued improvement in expectations is very promising. Nevertheless, problems in the industrial supply chains and material bottlenecks threaten further development.
The improvement in the current business situation and expectations for the next six months are equally responsible for an increase of FISI. Nevertheless, material shortages threaten to impair the important recovery process.
The current business situation of the European foundry industry continues to improve, while the problems and uncertainties related to vaccinations and the third infection wave, as well as the supply shortages of semiconductors in the automotive sector, are dampening the expectations.
Invited by the EU Commission, CAEF participated in the so-called Targeted Stakeholder Survey (TSS) — a detailed consultation on the further development of the Industrial Emissions Directive (IED). The IED is the backbone for the authorisation of industrial…