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Iron & Steel Manufacturing in Canada - Industry Market Research Report

  • ID: 4062308
  • Report
  • June 2019
  • Region: Canada
  • 40 pages
  • IBISWorld
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Nerves of steel: Rising global overcapacity will significantly cut into steel prices, hurting industry revenue

FEATURED COMPANIES

  • Algoma Steel Inc.
  • ArcelorMittal SA
  • Stelco Holdings Inc.
  • MORE

Iron & Steel Manufacturing in Canada

The Iron and Steel Manufacturing industry in Canada has encountered difficult operating conditions over the five years to 2019. Steel is a globally traded good and domestic prices are linked to global steel prices, which have been highly volatile in response to global overcapacity and slowing demand during the current period. Revenue growth during the period fluctuated according to the price of steel and market conditions in each year. During the first half of the reporting period, rising global overcapacity, which occurs when global steel production exceeds global demand, significantly cut into steel prices, hurting the revenue and profitability of Canadian steel manufacturers. Over the five years to 2024, domestic demand conditions are forecast to improve. In particular, the value of nonresidential construction is forecast to return to growth, in line with an improving economy and rising energy prices. Higher levels of corporate profit will prompt investment into industry facilities and more efficient equipment such as electric arc furnaces, improving productivity and competitiveness.

This industry manufactures pig iron, steel and ferroalloys. Pig iron may be manufactured in a blast furnace or with newer direct-reduction methods. Steel may be manufactured in basic oxygen furnaces (newly made steel) or in electric arc furnaces (recycled steel). The industry also includes operators that manufacture basic steel shapes such as bars, plates, rods, sheets, strips and wire, or form pipes and tubes from steel they have produced in-house.

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 key players and their market shares.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Algoma Steel Inc.
  • ArcelorMittal SA
  • Stelco Holdings Inc.
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • ArcelorMittal SA
  • Algoma Steel Inc.
  • Gerdau AmeriSteel Corporation
  • Stelco Holdings Inc.
Note: Product cover images may vary from those shown
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