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Steel Rolling & Drawing in Newfoundland

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NL33122CA

Steel Rolling & Drawing in Newfoundland industry analysis

Revenue for the Steel Rolling & Drawing industry in Newfoundland And Labrador is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has stagnated an annualized x% to x locations over the past five years. Industry employment has decreased an annualized -x.x% to xx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Steel Rolling & Drawing in Newfoundland Market Research Report

What’s Included in the Steel Rolling & Drawing in Newfoundland Market Research Report

Definition of the Steel Rolling & Drawing in Newfoundland?

This industry rolls or draws steel purchased externally, which may be sourced from local steelmakers or imported. Steel rollers and drawers 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.

What’s included in the Steel Rolling & Drawing in Newfoundland?

The Steel Rolling & Drawing in Newfoundland includes rolling plates, sheets, strips, rods and bars from purchased steel, drawing wire from purchased steel and processing purchased steel to meet customer specifications. Related terms covered in the Steel Rolling & Drawing in Newfoundland industry report includes the process of reducing the thickness of steel by passing it through a series of rollers, a specialized tool used in manufacturing industries to cut or shape material using a press. like molds, dies are generally customized to the item they are used to create and a facility that has all the functions of primary steel production, including the manufacture and processing of raw steel.

Industry Performance of the Steel Rolling & Drawing industry in Newfoundland

Benchmark the Steel Rolling & Drawing in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Steel Rolling & Drawing in Newfoundland

#6 in Highest Revenue 3% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Steel Rolling & Drawing in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Steel Rolling & Drawing industry in Newfoundland

See how key industry drivers, such as median houshold income, private investment in non-residential construction, gross domestic product, world price of steel, demand from car and automobile manufacturing and canadian effective exchange rate index are impacting Steel Rolling & Drawing in Newfoundland

Newfoundland Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

World price of steel
Demand from car and automobile manufacturing
Canadian effective exchange rate index

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Steel Rolling & Drawing industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Steel Rolling & Drawing in Newfoundland, such as Corner Brook. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Steel Rolling & Drawing industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Steel Rolling & Drawing industry in Newfoundland in 2025?

The market size of the Steel Rolling & Drawing industry in Newfoundland is $45.3m in 2025.

How many businesses are there in the Steel Rolling & Drawing industry in Newfoundland in 2025?

There are 3 businesses in the Steel Rolling & Drawing industry in Newfoundland, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Steel Rolling & Drawing industry in Newfoundland grown or declined over the past 5 years?

The market size of the Steel Rolling & Drawing industry in Newfoundland has been growing at an average annual rate of 1.6% from 2020 to 2025.

How many employees in the Steel Rolling & Drawing industry in Newfoundland in 2025?

There are 55 employees in the Steel Rolling & Drawing industry in Newfoundland, which has been declining at an average annual rate of -0.7% from 2020 to 2025.