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Iron & Steel Casting in Turkey Industry Data and Analysis
The European Iron and Steel Casting industry has evolved significantly in recent years, shaped by geopolitical, economic and technological factors. Casters have wrestled with considerable challenges resulting from global trade wars, stringent environmental regulations and volatility in metal prices. According to the World Steel Association, steel prices rose by 110% in 2021 due to pent-up demand and shortages of raw materials and intermediates after the COVID-19 outbreak in 2020. After significant revenue growth in 2021, driven by rising metal prices, foundries faced challenges in form of high interest rates and escalating building costs. A downturn in the manufacturing sector since 2023 has dented iron and steel casters’ sales. Still, revenue is expected to rise at a compound annual rate of 3.6% over the five years through 2025 to €27.6 billion, including an estimated 0.7% slump in 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Iron & Steel Casting industry in Turkey includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Iron & Steel Casting industry in Turkey operates under the industry code TR-C2431. Iron and steel casters operate foundries that produce iron or steel products. The production process involves pouring molten iron or steel into moulds to create products of various shapes and sizes, including tubes, pipes and related fittings. Related terms covered in the Iron & Steel Casting industry in Turkey include ferrous metallurgy , centrifugal machine, alloy steel, foundry, sand casting, die casting and lightweighting .
What's included in this industry?
Products and services covered in Iron & Steel Casting industry in Turkey include Steel castings , Steel and iron tube and pipe fittings and Grey iron castings .
What companies are included in this industry?
The Iron & Steel Casting industry in Turkey is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Iron & Steel Casting industry in Turkey.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Iron & Steel Casting industry in Turkey.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Iron & Steel Casting industry in Turkey.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Iron & Steel Casting industry in Turkey. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Iron & Steel Casting industry in Turkey. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Iron & Steel Casting industry in Turkey. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Iron & Steel Casting industry in Turkey. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Iron & Steel Casting industry in Turkey.
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Frequently Asked Questions
What is the market size of the Iron & Steel Casting industry in Turkey in 2026?
The market size of the Iron & Steel Casting industry in Turkey is €3.0bn in 2026.
How many businesses are there in the Iron & Steel Casting industry in Turkey in 2025?
There are 832 businesses in the Iron & Steel Casting industry in Turkey, which has declined at a CAGR of 1.4 % between 2020 and 2025.
Has the Iron & Steel Casting industry in Turkey grown or declined over the past 5 years?
The market size of the Iron & Steel Casting industry in Turkey has been declining at a CAGR of 26.4 % between 2020 and 2025.
What is the forecast growth of the Iron & Steel Casting industry in Turkey over the next 5 years?
Over the next five years, the Iron & Steel Casting industry in Turkey is expected to grow.
What does the Iron & Steel Casting industry in Turkey include?
Steel castings for machinery and mechanical appliances and Steel castings for locomotives and rolling stock are part of the Iron & Steel Casting industry in Turkey.
How competitive is the Iron & Steel Casting industry in Turkey?
The level of competition is high and steady in the Iron & Steel Casting industry in Turkey.
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