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Economic recovery boosts US casting sales

Economic recovery boosts US casting sales

The US foundry industry is currently recovering from the economic crisis (from late 2008 to early 2010). In 2007, the annual sales of the American foundry industry was 28.2 billion U.S. dollars, but in 2009, when the financial crisis was severe, the annual sales were only 21.2 billion U.S. dollars. The American foundry industry has shown signs of recovery since 2010, with an annual growth rate of 9.3%. In 2011, the speed of economic recovery is expected to accelerate, and the annual sales are expected to be 26.3 billion US dollars. The US foundry industry will return to the level of 2007 in 2012 and surpass it in 2013.

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