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Steel Rolling & Drawing in Rhode Island

Author.Name IBISWorld United States Last Updated: April 2025 NAICS RI33122

Steel Rolling & Drawing in Rhode Island industry analysis

The Steel Rolling & Drawing industry in Rhode Island is expected to grow an annualized x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has decreased an annualized -x.x% to xx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to decrease an annualized -x.x% to xx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Steel Rolling & Drawing in Rhode Island Market Research Report

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

Definition of the Steel Rolling & Drawing in Rhode Island?

Companies in this industry roll or draw purchased steel, which may be sourced from domestic steel manufacturers or imported from abroad. Companies produce various shapes through the rolling process, while the only drawn product is wire of various grades and gauges. Typically, the end product is made to conform to customer specifications. The industry does not include companies that roll or draw steel they manufacture themselves or metal service centers that distribute steel products.

What’s included in the Steel Rolling & Drawing in Rhode Island?

The Steel Rolling & Drawing in Rhode Island includes rolling plates, sheets, strips, rods and bars from purchased steel (often described as cold rolling), drawing wire from purchased steel, processing purchased steel to meet customer specifications and production of other ferrous wire products. Related terms covered in the Steel Rolling & Drawing in Rhode Island 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. similar to molds, dies are generally customized to the item they are used to create, a furnace used in integrated steel making in which coke and iron ore react together under a hot air flow to form steel, a steel producer that obtains most of its iron from recycled scrap steel and primarily uses electric arc furnaces 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 Rhode Island

Benchmark the Steel Rolling & Drawing in Rhode Island industry performance with all RI county and national performance.

Steel Rolling & Drawing in Rhode Island

#30 in Highest Revenue 0.2% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Steel Rolling & Drawing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

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

Key Drivers of the Steel Rolling & Drawing industry in Rhode Island

See how key industry drivers, such as population, gross state product, new business formation, industrial production index, trade-weighted index and world price of steel are impacting Steel Rolling & Drawing in Rhode Island

Rhode Island Economic Indicators

Population
Gross State Product
New Business Formation

View more economic information in RI State Economic profile

US Key External Drivers

Industrial production index
Trade-weighted index
World price of steel

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

County Data of the Steel Rolling & Drawing industry in Rhode Island

Access proprietary data on county in the Steel Rolling & Drawing in Rhode Island, such as Providence County and Kent County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Steel Rolling & Drawing industry in Rhode Island

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 Rhode Island in 2025?

The market size of the Steel Rolling & Drawing industry in Rhode Island is $45.0m in 2025.

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

There are 2 businesses in the Steel Rolling & Drawing industry in Rhode Island, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Steel Rolling & Drawing industry in Rhode Island has been growing at an average annual rate of 4.0% from 2020 to 2025.

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

There are 52 employees in the Steel Rolling & Drawing industry in Rhode Island, which has been declining at an average annual rate of -6.8% from 2020 to 2025.