$1.9bn
$X.Xm
2,067
101
$XXX.Xm
Steel rollers and drawers have faced declines over the current period. Plummeting growth from automobile manufacturers and climbing import penetration have hindered performance. Falling steel prices over the current period have also led to price-based losses and profit loss as clients pressured steel rollers and drawers to pass on cost decreases. Exports to the US were a boon to steel rollers and drawers amid declines in the domestic market. Overall, industry-wide revenue has been falling at a CAGR of 3.1% over the past five years and is expected to total $1.9 billion in 2023, when revenue will dip by an estimated 8.2%. The outbreak of COVID-19 led to plummeting steel prices and downstream demand as many downstream manufacturers halted operations, trade slowed and nonresidential construction activity dropped. As global economies reopened and industrial activity ramped up, supply shocks led to surging steel prices enabling steel rollers and drawers to recover from COVID-19-related declines. Steel rollers and drawers will continue to face declines over the outlook period, with countervailing downstream market trends and falling steel prices limiting performance. Within Canada, rollers and drawers will continue to endure integrated steel mills and metal wholesalers taking on functions previously performed by steel rolling and drawing mills. However, construction activity and federal infrastructure programs will support steel rollers and drawers. Industry revenue is forecast to fall at a CAGR of 5.9% through the end of 2028 to total $1.4 billion.
Industry revenue has declined at a CAGR of 3.1 % over the past five years, to reach an estimated $1.9bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Heico Corporation | 185.9 | 33.7 | 18.1 | |
Tree Island Steel Ltd. | 60.3 | N/A | N/A | |
Union Drawn Steel II LP | 26.8 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Cold-rolled steel sheet and strip, Cold-finished steel bars and Steel wire products. Cold-rolled steel sheet and strip is the largest segment of the Steel Rolling & Drawing in Canada.
Sales of cold-rolled steel sheets and strips have been volatile
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.
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NAICS 33122 - Steel Rolling & Drawing in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Steel rollers and drawers have faced considerable declines. Import penetration, lower domestic demand and competition from vertically integrated steel mills have hindered ste...
Learn about an industry's products and services, markets and trends in international trade.
Steel service centres and wholesalers remain the largest market. Consistent cold-rolled steel sheets and strips sales to steel service centres and wholesalers have benefitted...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Steel rollers and drawers flock to Ontario. Easy transportation links to the US and the large manufacturing sector in Ontario drive steel rollers and drawers to the province.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Steel rollers and drawers compete to reduce costs. Since the primary basis of competition among steel rollers and drawers is price, companies constantly seek to secure favour...
Learn about the performance of the top companies in the industry.
Just one company has amassed more than 5.0% of the market. Heico’s specialty in producing industrial applications has enabled the company to accumulate a considerable market ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Steel rollers and drawers must comply with federal and provincial regulations. Regulations that aim to control the discharge of pollutants into the environment and strengthen...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Steel rollers and drawers have faced profit volatility. Following the outbreak of COVID-19, steel rollers and drawers operated at a loss amid economic slowdowns. As the econo...
Including values and annual change:
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Key data sources in Canada include:
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The market size of the Steel Rolling & Drawing industry in Canada is $1.9bn in 2024.
There are 101 businesses in the Steel Rolling & Drawing industry in Canada, which has declined at a CAGR of 1.5 % between 2018 and 2023.
The market size of the Steel Rolling & Drawing industry in Canada has been declining at a CAGR of 3.1 % between 2018 and 2023.
Over the next five years, the Steel Rolling & Drawing industry in Canada is expected to decline.
The biggest companies operating in the Steel Rolling & Drawing market in Canada are Heico Corporation, Tree Island Steel Ltd. and Union Drawn Steel II LP
Rolling plates, sheets, strips, rods and bars from purchased steel and Drawing wire from purchased steel are part of the Steel Rolling & Drawing industry.
The company holding the most market share in Canada is Heico Corporation.
The level of competition is high and increasing in the Steel Rolling & Drawing industry in Canada.