Major Group SIC 3462 - Iron And Steel Forgings

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SIC 3462 - Iron And Steel Forgings

SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 346 - Metal Forgings And Stampings
  SIC 341 - Metal Cans And Shipping Containers SIC 342 - Cutlery, Handtools, And General Hardware SIC 343 - Heating Equipment, except Electric and Warm Air and Plumbing Fixtures SIC 344 - Fabricated Structural Metal Products SIC 345 - Screw Machine Products, And Bolts, Nuts, Screws, Rivets, And Washers SIC 346 - Metal Forgings And Stampings SIC 347 - Coating, Engraving, And Allied Services SIC 348 - Ordnance and Accessories, except Vehicles and Guided Missiles SIC 349 - Miscellaneous Fabricated Metal Products
  - SIC 3462 - Iron And Steel Forgings
    SIC 3462 - Iron And Steel Forgings SIC 3463 - Nonferrous Forgings SIC 3465 - Automotive Stampings SIC 3469 - Metal Stampings, Not Elsewhere Classified SIC 3466 - Crowns and Closures

Establishments primarily engaged in manufacturing iron and steel forgings, with or without the use of dies.

Industry trends:

The Iron and Steel Forgings industry (NAICS 3462) is currently experiencing several qualitative trends. One significant trend is the increasing integration of advanced manufacturing technologies, such as automation and robotics, to enhance production efficiency and reduce labor costs. This shift is expected to improve operational efficiency and enable more precise and consistent product quality. Companies in this industry are also exploring the use of additive manufacturing (3D printing) for certain forging processes, which could revolutionize production methods and lead to cost savings and customization capabilities.

Another trend is the growing emphasis on sustainability and environmental responsibility. The industry is adopting greener practices, such as recycling scrap materials and reducing energy consumption, to align with stricter environmental regulations and to meet the increasing demand from customers for eco-friendly products. The shift towards sustainable operations is expected to drive innovation and reshape supply chains.

Looking ahead, the Iron and Steel Forgings industry is forecasted to see moderate growth, driven by the recovery of key end-use sectors such as automotive, construction, and aerospace post-pandemic. However, challenges such as fluctuating raw material prices and trade uncertainties may influence market dynamics. Companies that invest in technology, sustainability, and flexible manufacturing capabilities are poised to gain a competitive edge in the near future.

This industry is comprised of:

Aircraft forgings, ferrous: not made in rolling mills

Anchors, forged: not made in rolling mills

Anvils, forged: not made in rolling mills

Armor plate, forged iron and steel: not made in rolling mills

Automotive forgings, ferrous: not made in rolling mills

Axles, railroad: forged-not made in rolling mills

Bumping posts, railroad: forged-not made in rolling mills

Bus, truck and trailer forgings, ferrous: not made in rolling mills

Calks, horseshoe: forged-not made in rolling mills

Chains, forged steel: not made in rolling mills

Construction and mining equipment forgings, ferrous: not made

Crankshafts, forged steel: not made in rolling mills

Engine forgings, ferrous: not made in rolling mills

Flange, valve, and pipe fitting forgings, ferrous: not made in

Forgings, iron and steel: not made in rolling mills

Gears, forged steel: not made in rolling mills

Hammer forgings, not made in rolling mills

Horseshoes, not made in rolling mills

Internal combustion engine (stationary and mobile) forgings,

Machinery forgings, ferrous: not made in rolling mills

Mechanical power transmission forgings, ferrous: not made in rolling

Missile forgings, ferrous: not made in rolling mills

Nuclear power plant forgings, ferrous: not made in rolling mills

Ordnance forgings, ferrous: not made in rolling mills

Pole line hardware forgings, ferrous not made in rolling mills

Press forgings, iron and steel: not made in rolling mills

Pump and compressor forgings, ferrous: not made in rolling mills

Railroad wheels, axles, frogs, and related equipment: forged-mfpm

Switches, railroad: forged-not made in rolling mills

Turbine engine forgings, ferrous: not made in rolling mills

Upset forgings, iron and steel: not made in rolling mills

Wheels, car and locomotive: forged-not made in rolling mills

Explore related industries:

SIC 3543 - Industrial Patterns SIC 3953 - Marking Devices SIC 3322 - Malleable Iron Foundries

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