Fast and nonferrous: As nonferrous metal prices and industrial activity are expected to falter, the industry will likely experience declines
The Nonferrous Metal Rolling and Alloying industry in Canada processes precious metals, nickel, zinc and other nonferrous metals, except for aluminum and copper, which operators purchase from primary producers or recover from scrap. In recent years, the industry has experienced tremendous swings in metal prices, which comprise operators' primary inputs. Supply chain issues which arose in the wake of the COVID-19 pandemic drove up prices for metals such as nickel, supporting revenue growth. Still, the pandemic disrupted industrial activity to the detriment of this industry. The analyst estimates industry revenue has been decreasing at a CAGR of 5.6% over the past five years, and is expected to reach $1.0 billion in 2023. In the same year, industry revenue is set to fall 0.7%. Still, the average industry profit has grown in recent years as less efficient businesses have exited the market, with declining industry wage costs outpacing falling revenue, contributing to profit growth.
Companies in the Nonferrous Metal Rolling and Alloying industry in Canada produce semifabrications from nonferrous metals, except copper and aluminum, in bar, plate, sheet, strip and tube form. Primarily, they roll, draw and extrude shapes and alloy purchased nonferrous metals. Companies may also recover nonferrous metals and alloys from scrap. This industry excludes the smelting of ores and primary refining of nonferrous metals.
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.
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