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Nonferrous Metal Rolling and Alloying in Canada Industry Market Research Report from IBISWorld Has Been Updated
  • USA - English


News provided by

IBISWorld 2

Mar 02, 2014, 12:00 ET

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Over the next five years, the industry is expected to continue its upward trajectory.

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New York, NY (PRWEB) March 02, 2014 -- The Nonferrous Metal Rolling and Alloying industry 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 endured tremendous swings in the prices of these metals, which comprise operators' primary inputs as well as products. Since the global economic crisis, industry revenue has fluctuated but ultimately trended upward from its recession-induced low. After plummeting 23.6% in 2009, industry revenue rebounded an astounding 50.4% in 2010. In the five years to 2014, revenue is estimated to rise at an annualized rate of 6.9% to $747.6 million.

Operators in this industry produce a range of rolled, drawn, extruded and alloyed nonferrous metal products for diverse end-use applications, including jewellery, steel and transportation equipment manufacturing. “Decreased consumer spending during the recession slashed sales throughout the manufacturing sector,” according to IBISWorld Industry Analyst Leah Goddard. Struggling with overstocked inventories and lower earnings, manufacturers reduced purchases of industry products and nonferrous metal prices plummeted. In an attempt to control costs, industry operators idled facilities and cut the size of their staff. Many companies exited the industry entirely or were acquired by larger players who had more resources to weather the downturn.

As demand returned in 2010, nonferrous metal prices skyrocketed. “With revenue rebounding strongly, companies returned to the industry, reopened facilities and hired more workers,” says Goddard. However, the postrecession commodity boom peaked in 2011, and prices have fallen slightly since then. As a result, revenue is forecast to fall 5.4% in 2014, shrinking profit margins as energy and labour costs increase.

In the five years to 2019, the industry is expected to continue its upward trajectory, albeit at a slower rate. As emerging markets settle into a more sustainable growth pattern and developed economies lower their debt burden, the demand and prices for nonferrous metals will trend upward. However, the industry will face structural challenges as domestic reserves are depleted and operators turn to imports or scrap for inputs. In addition, the industry will compete for skilled staff as workers retire and operators are forced to pull from a limited pool of tradespeople.
For more information, visit IBISWorld’s Nonferrous Metal Rolling and Alloying in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

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 Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Gavin Smith, IBISWorld 2, +1 (310) 866-5042, [email protected]

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