Iron tradin': Volatile global conditions will limit industry growth

Performance in the Iron and Steel Manufacturing industry in Ontario can be highly volatile, as industry prices are linked to the global price of steel, which itself is subject to global demand and supply conditions for steel and iron, the industry's primary input. The industry performed particularly well in 2014, likely in response to high prices of oil and gas and strong downstream demand from the energy sector. While steel prices fell precipitously in 2015 due to a global supply glut, prices soon rebounded. Exports account for over half of revenue, and as a result, trade conditions have a significant effect on performance. An improving economy in the United States helped boost demand for steel, and tariffs have increased prices more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Rising levels of corporate profit will prompt investment into industry facilities
  • Additional Insights for the Iron & Steel Manufacturing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron & Steel Manufacturing in Ontario Industry are

  • Ability to pass on cost increases
  • Output is sold under contract
  • Degree of globalization in the firm
  • IBISWorld analysts also discuss how external factors such as World price of steel and Value of nonresidential construction in Ontario in the Iron & Steel Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Iron & Steel Manufacturing in Ontario Industry?

    This industry manufactures pig iron, steel and ferroalloys. Some establishments produce only ingots, while others produce iron and steel shapes such as plates, strips, rods and bars, among other fabricated products. The industry consists of establishments that manufacture new or recycled steel, in basic oxygen furnaces or electric-arc furnaces.

    Industry Products
  • Crude steel
  • Hot-rolled steel shapes
  • Coated steel products
  • Cold-rolled steel shapes
  • Industry Activities
  • Direct reduction of iron ore
  • Manufacturing and converting ferroalloys
  • Producing steel with open-hearth furnaces
  • Manufacturing cold-rolled and hot-rolled steel products
  • Manufacturing basic steel shapes such as bars, plates, rods or sheets
  • Forming pipes and tubes from self-produced steel
  • Manufacturing and converting pig iron
  • Producing steel through the combination of coke and iron ore in blast furnaces
  • Producing steel by melting recycled scrap steel, usually with pig iron, in electric arc furnaces
  • 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 steel
  • Value of nonresidential construction in Ontario
  • Industrial capacity utilization
  • Canadian effective exchange rate index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron & Steel Manufacturing in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Metal Pipe & Tube Manufacturing in Canada
  • Steel Rolling & Drawing in Canada
  • Ferrous Metal Foundry Products in Canada
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Truck & Bus Manufacturing in Canada
  • Truck, Trailer & Motor Home Manufacturing in Canada

  • Key Selling Industries
  • Coal Mining in Canada
  • Copper, Nickel, Lead & Zinc Mining in Canada
  • Electric Power Transmission in Canada
  • Iron Ore Mining in Canada

  • Products & Services
  • Crude steel
  • Hot-rolled steel shapes
  • Coated steel products
  • Cold-rolled steel shapes
  • Other
  • Chart: Iron & Steel Manufacturing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Downstream steel producers
  • Metal wholesalers
  • Construction
  • All other
  • Chart: Major Market Segmentation for the Iron & Steel Manufacturing in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Iron & Steel Manufacturing in Ontario

  • Basis of Competition
    Barriers to Entry
    ArcelorMittal SA, Algoma Steel Inc., Stelco Holdings Inc., Gerdau AmeriSteel Corporation,
  • Table: ArcelorMittal SA - financial performance
  • Table: Algoma Steel Inc. - financial performance
  • Table: Stelco Holdings Inc. - financial performance
  • Table: Gerdau AmeriSteel Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Iron & Steel Manufacturing in Ontario 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 Iron & Steel Manufacturing in Ontario Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • World Price of Steel (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blast Furnace
  • A furnace used in integrated steelmaking, in which coke and iron ore react together under a hot air flo to form steel
  • Coke
  • A high-carbon solid produced by heating coal in an oven to drive off volatile compounds
  • Electric Arc Furnace
  • A furnace for scrap-based steelmaking, in which scrap steel is melted and recycled.
  • Ferroalloy
  • An iron alloy with a high proportion of one or more other elements that is used in the production of steel as a raw material.
  • Pig Iron
  • The intermediate product of smelting iron ore with coke; usually transferred in molten form to steelmaking furnaces.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Iron & Steel Manufacturing in Ontario market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    This report on Iron & Steel Manufacturing in Ontario:
    • 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 Iron & Steel Manufacturing in Ontario 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 Iron & Steel Manufacturing in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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