Despite overall declines in steel prices, the Steel Rolling and Drawing industry has experienced growth over the past five years due to strong export sales to the United States and rampup of domestic production capacity. Despite moderate recovery over the past five years, steel rolling and drawing mills are increasingly forced to compete with vertically integrated steel producers in the Iron and Steel Manufacturing industry (IBISWorld report 33111CA). The Steel Rolling and Drawing industry is expected to expand slowly over the next five years, with growth guided primarily by rebounding steel prices and strong export sales to US markets. Within Canada, operators will 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.