The Metal Fabrication Industry is one of the most essential industries that drive world economic growth. The core function of the Metal Fabrication Industry is to produce component metal parts that can be constructed and formed into larger machinery.
This industry is the core intermediately between the extraction of raw materials and demand from end-users. With the prevailing low-interest-rate environment, end-users have now ramped up demand causing raw material prices to go parabolic. To meet end-user demand and maintain pricing stability, industrial production and thus the Metal Fabrication Industry is rapidly expanding. Companies that are not producing efficiently will ultimately forgo potential revenue as end-user demand shows no sign of abating.
Source: MultiCam Canada Newsletter: “Fabrication Edition” – Volume 1, Issue 2