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Iron & Steel Manufacturing in New Brunswick

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NB33111CA

Iron & Steel Manufacturing in New Brunswick industry analysis

Revenue for the Iron & Steel Manufacturing industry in New Brunswick 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 stagnated an annualized 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.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 New Brunswick Market Research Report

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

Definition of the Iron & Steel Manufacturing in New Brunswick?

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 New Brunswick?

The Iron & Steel Manufacturing in New Brunswick 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 New Brunswick 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 New Brunswick

Benchmark the Iron & Steel Manufacturing in New Brunswick industry performance with all NB Census Metropolitan Area and national performance.

Iron & Steel Manufacturing in New Brunswick

#7 in Highest Revenue 3.1% 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 New Brunswick

See how key industry drivers, such as median houshold income, gross domestic product, private investment in non-residential construction, world price of steel, world price of iron ore and industrial capacity utilization are impacting Iron & Steel Manufacturing in New Brunswick

New Brunswick Economic Indicators

Median Houshold Income
Gross Domestic Product
Private Investment in Non-Residential Construction

View more economic information in NB 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 New Brunswick

Key Statistics of the Iron & Steel Manufacturing industry in New Brunswick

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 New Brunswick in 2025?

The market size of the Iron & Steel Manufacturing industry in New Brunswick is $474.7m in 2025.

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

There are 5 businesses in the Iron & Steel Manufacturing industry in New Brunswick, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Iron & Steel Manufacturing industry in New Brunswick has been growing at an average annual rate of 1.0% from 2020 to 2025.

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

There are 358 employees in the Iron & Steel Manufacturing industry in New Brunswick, which has been declining at an average annual rate of -5.2% from 2020 to 2025.