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Iron & Steel Manufacturing in Manitoba

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS MB33111CA

Iron & Steel Manufacturing in Manitoba industry analysis

Revenue for the Iron & Steel Manufacturing industry in Manitoba is expected to grow an annualized x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has decreased an annualized -x.x% to xxx workers during the period, while industry wages have decreased an annualized -x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x million, while revenue for the national industry will likely decline -x%. The number of industry establishments is forecast to decline -x.x% to x locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Iron & Steel Manufacturing in Manitoba Market Research Report

What’s Included in the Iron & Steel Manufacturing in Manitoba Market Research Report

Definition of the Iron & Steel Manufacturing in Manitoba?

This industry manufactures pig iron, steel and ferroalloys. Pig iron may be manufactured in a blast furnace or with newer direct-reduction methods. Steel may be manufactured in basic oxygen furnaces (newly made steel) or in electric arc furnaces (recycled steel). The industry also includes operators that manufacture basic steel shapes such as bars, plates, rods, sheets, strips and wire or form pipes and tubes from steel they have produced in-house.

What’s included in the Iron & Steel Manufacturing in Manitoba?

The Iron & Steel Manufacturing in Manitoba includes direct reduction of iron ore, manufacturing and converting ferroalloys, producing steel through the use of open hearth furnaces, manufacturing cold-rolled and hot-rolled steel products, manufacturing basic steel shapes, such as bar, plate, rod, sheet, strip and wire, 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 and producing steel by melting recycled scrap steel, usually with pig iron, in electric arc furnaces. Related terms covered in the Iron & Steel Manufacturing in Manitoba industry report includes a furnace used in integrated steelmaking, in which coke and iron ore react together under a hot air flow to form steel, a high-carbon solid produced by heating coal in an oven to drive off volatile components, 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, the intermediate product of smelting iron ore with coke; usually transferred in molten form to steelmaking furnaces and a furnace for scrap-based steelmaking, in which scrap steel is melted and recycled.

Industry Performance of the Iron & Steel Manufacturing industry in Manitoba

Benchmark the Iron & Steel Manufacturing in Manitoba industry performance with all MB Census Metropolitan Area and national performance.

Iron & Steel Manufacturing in Manitoba

#6 in Highest Revenue 4.2% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Iron & Steel Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Iron & Steel Manufacturing industry in Manitoba

See how key industry drivers, such as median houshold income, per capita disposable income, gross domestic product, world price of steel, world price of iron ore and industrial capacity utilization are impacting Iron & Steel Manufacturing in Manitoba

Manitoba Economic Indicators

Median Houshold Income
Per Capita Disposable Income
Gross Domestic Product

View more economic information in MB State Economic profile

Canada Key External Drivers

World price of steel
World price of iron ore
Industrial capacity utilization

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Iron & Steel Manufacturing industry in Manitoba

Access proprietary data on Census Metropolitan Area in the Iron & Steel Manufacturing in Manitoba, such as Winnipeg. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Iron & Steel Manufacturing industry in Manitoba

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Iron & Steel Manufacturing industry in Manitoba in 2025?

The market size of the Iron & Steel Manufacturing industry in Manitoba is $634.2m in 2025.

How many businesses are there in the Iron & Steel Manufacturing industry in Manitoba in 2025?

There are 5 businesses in the Iron & Steel Manufacturing industry in Manitoba, which has been declining at an average annual rate of -3.6% from 2020 to 2025.

Has the Iron & Steel Manufacturing industry in Manitoba grown or declined over the past 5 years?

The market size of the Iron & Steel Manufacturing industry in Manitoba has been growing at an average annual rate of 7.0% from 2020 to 2025.

How many employees in the Iron & Steel Manufacturing industry in Manitoba in 2025?

There are 427 employees in the Iron & Steel Manufacturing industry in Manitoba, which has been declining at an average annual rate of -5.9% from 2020 to 2025.