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Steel Rolling & Drawing in Canada Industry Data and Analysis
The Steel Rolling and Drawing industry in Canada has faced significant turbulence, resulting in a downward trend in revenue over recent years. Steel prices have fallen in consecutive years after massive swings throughout 2020 and 2021. Canada’s manufacturers have also been challenged by the growing penetration of domestic markets by imports, which has pushed down the prices of industry products. The recent emergence of tariffs and the US pushing reshoring efforts for manufacturing automobiles and steel has resulted in a 24.3% decline in total exports for 2025, which account for nearly a third of total industry revenue. Despite large fluctuations and declines experienced throughout recent years, industry-wide revenue is forecast to grow at a five-year CAGR of 2.4%, reaching $1.9 billion in 2025, as revenue is projected to increase by 1.1% for 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Steel Rolling & Drawing industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.
About this industry
What's this industry report about?
The Steel Rolling & Drawing industry in Canada operates under the NAICS industry code 33122CA. 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. Related terms covered in the Steel Rolling & Drawing industry in Canada include steel rolling, die and integrated steel mill.
What's included in this industry?
Products and services covered in Steel Rolling & Drawing industry in Canada include Cold-rolled steel sheet and strip, Cold-finished steel bars and Steel wire products.
What companies are included in this industry?
Companies covered in the Steel Rolling & Drawing industry in Canada include Tree Island and Heico.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Steel Rolling & Drawing industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Steel Rolling & Drawing industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Steel Rolling & Drawing industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Steel Rolling & Drawing industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Steel Rolling & Drawing industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Steel Rolling & Drawing industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Steel Rolling & Drawing industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Steel Rolling & Drawing industry in Canada.
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Frequently Asked Questions
What is the market size of the Steel Rolling & Drawing industry in Canada in 2026?
The market size of the Steel Rolling & Drawing industry in Canada is $1.8bn in 2026.
How many businesses are there in the Steel Rolling & Drawing industry in Canada in 2025?
There are 101 businesses in the Steel Rolling & Drawing industry in Canada, which has grown at a CAGR of 0.8 % between 2020 and 2025.
How may import tariffs affect the Steel Rolling & Drawing industry in Canada?
The Steel Rolling & Drawing industry in Canada is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Steel Rolling & Drawing industry in Canada?
The Steel Rolling & Drawing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Steel Rolling & Drawing industry in Canada grown or declined over the past 5 years?
The market size of the Steel Rolling & Drawing industry in Canada has been declining at a CAGR of 3.4 % between 2020 and 2025.
What is the forecast growth of the Steel Rolling & Drawing industry in Canada over the next 5 years?
Over the next five years, the Steel Rolling & Drawing industry in Canada is expected to grow.
What are the biggest companies in the Steel Rolling & Drawing industry in Canada?
The biggest companies operating in the Steel Rolling & Drawing industry in Canada are Tree Island and Heico
What does the Steel Rolling & Drawing industry in Canada include?
Rolling plates, sheets, strips, rods and bars from purchased steel and Drawing wire from purchased steel are part of the Steel Rolling & Drawing industry in Canada.
Which companies have the highest market share in the Steel Rolling & Drawing industry in Canada?
The company holding the most market share in the Steel Rolling & Drawing industry in Canada is Tree Island.
How competitive is the Steel Rolling & Drawing industry in Canada?
The level of competition is high and increasing in the Steel Rolling & Drawing industry in Canada.
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