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Steel Rolling & Drawing in Canada - Industry Market Research Report

  • ID: 4062332
  • Report
  • Region: Canada
  • 35 pages
  • IBISWorld
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Rolling away: The industry has rapidly expanded due to strong export sales

FEATURED COMPANIES

Steel Rolling & Drawing in Canada

The Steel Rolling and Drawing industry in Canada has rapidly expanded over the five years to 2019 due to strong export sales to the United States and the depreciation of the Canadian dollar. Despite strong growth, steel rolling and drawing mills are increasingly forced to compete with vertically integrated steel producers in the Iron and Steel Manufacturing industry. Despite increased competition from upstream steel mills, sustained demand for steel wire products from the US construction and manufacturing markets has raised export volume during the period, which has helped boost industry revenue. The depreciation of the Canadian dollar has also bolstered the industry, making foreign products less attractive relative to domestic goods and encouraging exports by making rolled and drawn steel less expensive in international markets. The Steel Rolling and Drawing industry is expected to continue expanding, albeit at a slower place over the five years to 2024, with growth guided primarily by steadily increasing steel prices and strong export sales to foreign markets. Operators will likely continue to be squeezed as integrated steel mills and metal wholesalers increasingly take on functions previously performed by steel rolling and drawing mills.

This industry rolls or draws steel purchased externally, which may be sourced from local steelmakers or imported. Industry operators produce a variety of shapes through the rolling process, while the only drawn product is wire of various grades and gauges. The industry does not include vertically integrated steel companies that incidentally draw or roll-form steel, nor does it include metal service centres whose primary business is the distribution of steel products to end markets.

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.

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FEATURED COMPANIES

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
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