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Canadian Industrial Profile

Fabricated Metal Products

This industry profile provides a five-year forecast for Canada’s fabricated metal products industry.

Cover of report

 

Download the Summer 2018 Outlook

Published: August 2, 2018 (2 pages)

Highlights

Stronger Investment Is Good News for Fabricated Metals—After several years of contraction, non-residential construction turned a corner in 2017 and has increased in five consecutive quarters. Importantly, investment in new machinery and equipment has been a key driver of this trend, which has helped push up demand for fabricated metals.

Record-Breaking Performance—Early in 2018, both current sales and new orders reached record levels, narrowly surpassing their pre-recession peaks by about $400 million each.

Trade Retaliation—The U.S. administration continues to ramp up protectionist rhetoric, forcing Canadian policy-makers to retaliate in kind. Higher prices due to tariffs have thus far been easily passed on to consumers but are likely to weigh on medium-term demand as the impact of higher prices finally sets in.