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Steel Rolling & Drawing in the US Industry Data and Analysis
The steel rolling and drawing sector in the US has weathered considerable challenges in recent years, largely shaped by geopolitical tensions and shifting economic policies. Tariffs imposed during the Trump administration on imports from key trade partners introduced persistent uncertainty, disrupted supply chains and elevated operational costs for businesses dependent on global sourcing. These trade dynamics, along with retaliatory measures, have intensified the competitive pressure on domestic producers. As the industry adapts, maintaining efficiency and cost control in this complex global context remains a key priority for companies seeking to preserve their market position.
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What's included in this industry analysis
IBISWorld's research coverage on the Steel Rolling & Drawing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Steel Rolling & Drawing industry in the United States operates under the NAICS industry code 33122. 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. Related terms covered in the Steel Rolling & Drawing industry in the United States include steel rolling, die, blast furnace, minimill and integrated steel mill.
What's included in this industry?
Products and services covered in Steel Rolling & Drawing industry in the United States include Cold-rolled steel sheet, Cold finished bars and other shapes and Ferrous wire products.
What companies are included in this industry?
Companies covered in the Steel Rolling & Drawing industry in the United States include Worthington Industries, Inc., Worthington Steel and Uline, Inc.
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 the United States.
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 the United States.
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 the United States.
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 the United States. 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 the United States. 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 the United States. 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 the United States. 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 the United States.
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Frequently Asked Questions
What is the market size of the Steel Rolling & Drawing industry in the United States in 2026?
The market size of the Steel Rolling & Drawing industry in the United States is $23.3bn in 2026.
How many businesses are there in the Steel Rolling & Drawing industry in the United States in 2025?
There are 346 businesses in the Steel Rolling & Drawing industry in the United States, which has grown at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Steel Rolling & Drawing industry in the United States?
The Steel Rolling & Drawing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Steel Rolling & Drawing industry in the United States?
The Steel Rolling & Drawing industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Steel Rolling & Drawing industry in the United States grown or declined over the past 5 years?
The market size of the Steel Rolling & Drawing industry in the United States has been growing at a CAGR of 9.4 % between 2020 and 2025.
What is the forecast growth of the Steel Rolling & Drawing industry in the United States over the next 5 years?
Over the next five years, the Steel Rolling & Drawing industry in the United States is expected to grow.
What are the biggest companies in the Steel Rolling & Drawing industry in the United States?
The biggest companies operating in the Steel Rolling & Drawing industry in the United States are Worthington Industries, Inc., Worthington Steel and Uline, Inc.
What does the Steel Rolling & Drawing industry in the United States include?
Rolling plates, sheets, strips, rods and bars from purchased steel (often described as cold rolling) and Drawing wire from purchased steel are part of the Steel Rolling & Drawing industry in the United States.
Which companies have the highest market share in the Steel Rolling & Drawing industry in the United States?
The company holding the most market share in the Steel Rolling & Drawing industry in the United States is Worthington Industries, Inc..
How competitive is the Steel Rolling & Drawing industry in the United States?
The level of competition is high and increasing in the Steel Rolling & Drawing industry in the United States.
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