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Steel Rolling & Drawing in the US - Industry Market Research Report

  • July 2016
  • -
  • Ibisworld
  • -
  • 39 pages

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Keep rolling: Growing demand from downstream buyers will bolster revenue, despite competition



Abstract

Steel Rolling & Drawing in the US

As the economy recovers and the automotive and construction sectors rebound, demand for steel will also improve, benefiting the industry. However, substitutes, like cheaper and higher-quality plastics, and import competition will continue to be major threats to the industry. Motor vehicle manufacturers will require lightweight materials to make automobiles due to the high demand for smaller, fuel-efficient vehicles.

Companies in this industry roll or draw purchased steel, which may be sourced from domestic steel manufacturers or imported from abroad. Companies produce a variety of 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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