In 2023, the closing inventories for Steel Product Manufacturing from purchased steel in Canada were valued at $1.225 billion CAD. From 2024 onwards, a steady increase is forecasted, with inventories expected to rise by approximately 2.58% annually, reaching $1.382 billion CAD by 2028. The Compound Annual Growth Rate (CAGR) over this period is projected at 2.5%.
Future trends to watch for:
- Impact of global supply chain disruptions on steel availability
- Fluctuations in demand due to economic conditions
- Technological advancements and their effect on manufacturing efficiencies
- Potential policy changes related to trade and tariffs
Latest reports
US Steel Market Report- Q1 2025
The US steel market in Q1 2025 is navigating a complex landscape shaped by significant investments, evolving trade policies, and a strong focus...
China Steel Market Report- Q1 2025
In the first quarter of 2025, the steel market in China faced significant challenges and opportunities amid a volatile global economic landscape. The...
Japan Steel Market Report- Q4 2024
In the fourth quarter of 2024, the steel industry in Japan navigated a complex economic landscape characterized by declining production levels and fluctuating...
Germany Steel Market Report- Q1 2025
In the first quarter of 2025, the Germany steel industry is navigating complex economic and geopolitical landscapes. Pressured by high energy costs due...
India Steel Market Report- Q1 2025
In the first quarter of 2025, the steel industry in India has exhibited considerable dynamism, driven by both domestic and international factors. The...
France Steel Market Report- Q1 2025
The France steel market in Q1 2025 faced a challenging quarter characterized by a decline in production and a complex economic backdrop. The...
Canada Steel Market Report- Q1 2025
The first quarter of 2025 has been transformative for the Canadian steel market, characterized by significant changes in trade policies and market dynamics....
Brazil Steel Market Report- Q1 2025
The first quarter of 2025 has been a pivotal period for the Brazilian steel industry, marked by significant shifts in trade policies, sustainability...
Italy Steel Market Report- Q1 2025
The Italy steel market in the first quarter of 2025 is navigating a complex landscape characterized by fluctuating production and evolving market demands....
South Korea Steel Market Report- Q1 2025
The South Korean steel market is navigating a complex landscape in Q1 2025, influenced by global trade policies, domestic economic conditions, and technological...
