Heavy metal: Recovering metal and commodity prices will help improve demand

The Nonferrous Metal Rolling and Alloying industry in Canada processes precious metals, nickel, zinc and other nonferrous metals, except for aluminum and copper, which operators purchase from primary producers or recover from scrap. In recent years, the industry has experienced tremendous swings in the metal prices, which comprise operators' primary inputs. Operators in this industry produce a range of rolled, drawn, extruded and alloyed nonferrous metal products for diverse applications, including jewellery, specialty steel production and transportation equipment manufacturing. As a result, demand for industry products is driven by the automotive, energy, aerospace and defence markets...read more.

Industry Statistics & Market Size
Revenue
$893m
Annual Growth 14-19
-1.6%
Forecast Growth 19-24
Profit
Employment
1,413
Businesses
54
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Prices for metals such as nickel fell dramatically during the first half of the reporting period
  • Falling revenue figures have prompted some companies to exit the industry
  • Demand for high performance products will continue its recent rebound
  • Industry Report - Industry Investment Chapter

    The Nonferrous Metal Rolling and Alloying industry in Canada has a moderate level of capital intensity. While industry participants use large-scale, sophisticated capital equipment for the rolling, drawing, extruding and alloying processes, companies rely heavily on skilled labour to operate the machinery and engage in research and development. For every dollar allocated to labour, participants spend an estimated $0.31 on capital equipment and machinery. Capital expenditures fluctuate with industry activity and are likely to decline in periods of reduced demand or volatile nonferrous metal prices.Capital intensity is expected to rise over the next five years as new technologies are introduced that improve product quality. Man...purchase to read more.

    Additional Insights for the Nonferrous Metal Rolling & Alloying Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Nonferrous Metal Rolling & Alloying Industry are

  • Access to the latest available and most efficient technology and techniques
  • Supply contracts in place for key inputs
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as World price of nickel and Industrial capacity utilization in the Nonferrous Metal Rolling & Alloying industry impact industry performance..

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    What's in this report

    What is the Nonferrous Metal Rolling & Alloying Industry?

    Companies in this industry produce semifabrications from nonferrous metals, except copper and aluminum, in bar, plate, sheet, strip and tube form. Primarily, they roll, draw and extrude shapes and alloy purchased nonferrous metals. Companies may also recover nonferrous metals and alloys from scrap. This industry excludes the smelting of ores and primary refining of nonferrous metals.

    Industry Products
  • Secondary precious metal and precious metal alloys
  • Other primary and secondary nonferrous metal
  • Nonferrous metal powders, paste and flakes
  • Titanium and titanium-based alloys
  • Nickel and nickel-based alloys
  • Primary precious metal mill shapes
  • Industry Activities
  • Recovering nonferrous metals, except copper and aluminum, and nonferrous metal alloys from scrap
  • Alloying purchased nonferrous metals, except copper and aluminum
  • Rolling, drawing and extruding shapes from purchased nonferrous metals, except copper and aluminum
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of nickel
  • Industrial capacity utilization
  • Canadian effective exchange rate index
  • World price of gold

  • Current Performance
  • Industry structure and trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Upstream and downstream trends
  • Table: Nonferrous Metal Rolling & Alloying Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Nonferrous Metal Rolling & Alloying Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Iron & Steel Manufacturing in Canada
  • Mining, Oil & Gas Machinery Manufacturing in Canada
  • Electrical Equipment Manufacturing in Canada
  • Car & Automobile Manufacturing in Canada
  • Aircraft, Engine & Parts Manufacturing in Canada
  • Jewellery Manufacturing in Canada

  • Key Selling Industries
  • Copper, Nickel, Lead & Zinc Mining in Canada
  • Copper, Zinc & Lead Refining in Canada
  • Electric Power Transmission in Canada
  • Gold & Silver Ore Mining in Canada
  • Inorganic Chemical Manufacturing in Canada

  • Products & Services
  • Secondary precious metal and precious metal alloys
  • Other primary and secondary nonferrous metal
  • Nonferrous metal powders, paste and flakes
  • Titanium and titanium-based alloys
  • Nickel and nickel-based alloys
  • Primary precious metal mill shapes
  • Chart: Nonferrous Metal Rolling & Alloying Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Aerospace and defence
  • Other
  • Automotive and transportation manufacturing
  • Oil and gas and mining machinery manufacturing
  • Construction
  • Medical
  • Chart: Major Market Segmentation for the Nonferrous Metal Rolling & Alloying Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Nonferrous Metal Rolling & Alloying

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Nonferrous Metal Rolling & Alloying Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Nonferrous Metal Rolling & Alloying Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Nonferrous Metal Rolling & Alloying Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Canadian-dollar effective exchange rate index (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alloying
  • The process of adding one metal to another to form a blend sharing some of the properties of each component.
  • Drawing
  • A process for producing wire, bar or tube by pulling metal, increasing its length and reducing its diameter. Wire is typically pulled through a series of dies, or holes, of decreasing size.
  • Extruding
  • The process of forcing a solid and usually heated metal through an opening with the same shape as the desired end-product. A hydraulically operated ram is used to push the metal through the opening.
  • Ingot
  • Semiprocessed metal shapes that usually require further shaping, such as cold and hot working, cutting or milling, to produce a useful final product.
  • Nonferrous Metals
  • Metals other than iron and steel.
  • Primary Metals
  • Production of metals in their most basic form by processing, such as smelting or refining, mined ores.
  • Refractory Metals
  • A group of metals, including tungsten and tantalum, with particularly high melting points and excellent resistance to shock.
  • Rolling
  • A process that reduces the thickness of a piece of metal by passing it through successive rotating mills that compress the metal.
  • Secondary Metals
  • Reprocessing of useable metal recovered from recycled scrap
  • Semifabrication
  • The industrial processes for producing rolled products, extrusions, wire, tubes, forgings and castings.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Nonferrous Metal Rolling & Alloying market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
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    This report on Nonferrous Metal Rolling & Alloying:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Nonferrous Metal Rolling & Alloying market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Nonferrous Metal Rolling & Alloying, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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