Steel Rolling & Drawing in the US - Industry Market Research Report

Drawn out: Industry operators will benefit from healthy operating conditions

The industry produces intermediary steel products, including cold-rolled sheets, strips, rods, bars and wires, from purchased steel, which may be sourced from domestic steel manufacturers or imported. Plants can produce various shapes through the rolling process, while the only industry-relevant drawn product is wire of various grades and gauges. The industry doesn't include the production of similar products as part of a vertically integrated manufacturing process or the distribution of steel products to downstream markets. Industry revenue fell at a CAGR of 1.0% to $15.3 billion over the past five years, including a decrease of 5.5% in 2023, falling from the rebound from COVID-19-induced declines in 2020. Along with revenue industry profit, measured as earnings before interest and taxes, has notably fallen during the period, accounting for an estimated 3.9% of revenue in 2023.

Companies in this industry roll or draw purchased steel, which may be sourced from domestic steel manufacturers or imported from abroad. Companies produce various shapes through the rolling process, while the only drawn product is wire of various grades and gauges. Typically, the end product is made to conform to customer specifications. The industry does not include companies that roll or draw steel they manufacture themselves or metal service centers that distribute steel products.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.