The Canada steel market attained a volume of 13.13 MMT in 2025. The market is expected to grow at a CAGR of 2.60% during the forecast period of 2026-2035. By 2035, the market is expected to reach 16.97 MMT.
Major public investments under federal and provincial infrastructure programs, including transit, bridges, highways, and energy, are fuelling healthy demand for structural and rebar-grade steel in Canada. Projects like the Ontario Line subway, Montréal’s REM network, and BC’s highway expansions are driving steel-intensive construction. Additionally, the Canada Infrastructure Bank and green public transit funding are accelerating steel usage in low-carbon infrastructure. This sustained pipeline of infrastructure builds ensures long-term demand stability for domestic steel producers, particularly in fabricated, coated, and reinforced forms.
The Canada steel market value is growing with rapidly adoption of electric arc furnaces (EAF) and exploration of hydrogen-based direct reduction to reduce emissions. These low-carbon approaches support Canada’s net-zero ambition by 2050. Investments in carbon capture further demonstrate the efforts of manufacturers to offer green steel that meets evolving regulatory and market demands. For instance, in October 2023, Swedish firm H2 Green Steel negotiated with Canadian officials to establish a green steel plant utilizing renewable energy and hydrogen in northern Quebec with a €3–6 billion investment.
Base Year
Historical Period
Forecast Period
According to industry reports, in 2022, the Canadian steel sector employed around 23,600 workers and contributed more than USD 4.5 billion to Canada's GDP.
Prominent Canadian steel producers include Algoma Steel Inc., AltaSteel, and ArcelorMittal Long Products Canada.
The Canadian steel market is constantly investing in technology to reduce its climate emissions by at least 6 million tonnes by 2030. This is expected to help the domestic steel industry gain a larger market share compared to high-carbon, offshore steel.
Compound Annual Growth Rate
2.6%
Value in MMT
2026-2035
*this image is indicative*
The adoption of Industry 4.0 technologies, such as IoT, big data analytics, and robotics, is revolutionizing the steel market in Canada. These digital tools enhance process monitoring, predictive maintenance, and supply chain transparency. In August 2203, ArcelorMittal Dofasco in Hamilton, Ontario, implemented a Digital Ladle Metallurgy Process, integrating sensors and advanced software to precisely control the addition of materials during steel refining. Improved data insights optimize production efficiency, reduce downtime, and enhance product quality, giving Canadian producers a competitive edge.
The energy industry, including oil, gas, hydroelectric, and renewables, relies on steel for pipelines, rigs, turbines, and infrastructure. Despite challenges in fossil fuel sectors, investments in renewable energy projects are rising, demanding specialized steel grades resistant to corrosion and extreme conditions. In December 2024, the Canadian government announced over USD 152 million in funding for nine clean electricity projects in Alberta through the Smart Renewables and Electrification Pathways Program. This transition expands opportunities for steelmakers to innovate and supply niche energy market needs.
Recycling scrap steel has become a key driver for the Canada steel industry growth, enabling cost-effective, eco-friendly production. Canadian mills increasingly utilize scrap steel in electric arc furnaces, reducing reliance on raw iron ore and lowering emissions. In July 2024, researchers at the University of Toronto have developed an innovative electrochemical method to remove impurities, such as copper, from steel scrap. This trend supports circular economy goals, offers economic benefits, and aligns with environmental policies promoting sustainability in manufacturing.
Technological innovation in steelmaking processes, such as automation, AI-driven quality control, and electric arc furnace improvements, is boosting productivity and product quality. Enhanced techniques enable efficient recycling of scrap steel and reduce energy consumption. In February 2022, Ontario invests in clean steelmaking technology to boost sustainable auto manufacturing and reducing emissions. These advancements help Canadian steel producers reduce costs, minimize environmental impact, and meet evolving customer specifications.
Mergers, acquisitions, and joint ventures are shaping the Canada steel market trends. Companies collaborate to share resources, technology, and market access, enabling economies of scale and stronger market positioning. In January 2025, Westcap Mgt. Ltd. invested in Inland Steel Products Inc., a leading metal recycler in Western Canada, to accelerate Inland Steel's growth plan, enhancing its infrastructure and logistics capabilities. Strategic alliances also strengthen supply chains and foster innovation, supporting long-term industry growth.
The EMR’s report titled “Canada Steel Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Key Insight: The flat steel segment includes products like hot-rolled and cold-rolled sheets, plates, and coils. Companies produce flat steel used by carmakers in Ontario’s auto corridor. For instance, Stelco Holdings in Hamilton and Nanticoke annually ships about 2.6 million net tons of flat‑rolled steel to auto tier suppliers serving General Motors, Ford, Stellantis, and other OEMs across the province. As Canada pushes for more EV manufacturing, demand for precision flat steel in battery casings and chassis components is increasing, highlighting its critical role in modern industrial and clean-tech applications.
Market Breakup by Type
Key Insight: The carbon steel demand in Canada is surging as it is cost-effective and ideal for construction, pipelines, and general manufacturing. Canadian oil and gas projects often specify carbon steel for its strength and weldability. For instance, the Coastal GasLink pipeline uses carbon steel pipe. Its applications also extend to agriculture and machinery, where strength and affordability are key. Carbon steel grades like A36 are commonly used in beams and bridges across provinces.
Market Breakup by End Use
Key Insight: The construction sector is the dominant consumer of steel in Canada. Steel is used in structural frameworks, reinforcing bars, beams, and roofing systems. In July 2025, the government of Canada revealed plans to prioritize domestic construction materials, including steel, to boost local industries amid its massive infrastructure expansion efforts. Mega projects like the Gordie Howe International Bridge use thousands of tonnes of structural and rebar steel. Prefabricated steel structures are also growing in commercial and residential buildings due to faster assembly and sustainability benefits.
Market Breakup by Region
Key Insight: The British Columbia province sees strong steel demand in residential high-rises, port expansion, and renewable energy projects. Vancouver’s skyline growth, LNG terminals, and hydro projects like Site C Dam all depend on structural and reinforcement steel. British Columbia also imports and processes large volumes of steel through its ports. As per industry reports, British Columbia imported $4-billion worth of steel in 2024, further supporting western Canada’s industrial supply chain.
Long Steel to Gain Popularity in Canada
Long steel products are recording preference in Canada as they are essential in construction, especially for reinforcing concrete and building frameworks. With Canada's growing investments in infrastructure, such as public transit systems, highway expansions, and housing, long steel demand is booming. Projects like Toronto's Ontario Line or Calgary’s Green Line LRT use massive volumes of long steel. Rebar is also vital in earthquake-prone areas for structural resilience. Additionally, long steel is used in hydro and wind energy foundations, showing its application beyond just traditional construction.
Alloy & Stainless Steel to Witness Adoption in Canada
The alloy steel segment of the Canada steel market is gaining traction as they contain additional elements, such as chromium, vanadium, or molybdenum, for offering enhanced strength, toughness, and wear resistance. In Canada, these are essential in mining equipment, heavy machinery, and automotive components. For example, oil sands operations in Alberta use alloy steel components to resist abrasion and extreme temperatures. These steels are also used in tools and gears that require long service life under stress.
Stainless steel contains chromium and resists rust, staining, and corrosion, making it vital in food processing, healthcare, and household appliances across Canada. It is used in kitchen equipment, elevators, hospital equipment, and breweries. Companies serve these markets with stainless solutions. In February 2024, NetZero Metals developed Canada’s largest stainless steel facility in Timmins to supply sustainable, corrosion-resistant alloys for key industries. The demand is also rising due to hygienic and long-life requirements in public infrastructure.
Higher Steel Application in Automotive & Domestic Appliances in Canada
The Canada steel industry share is expanding with Ontario’s auto sector consuming large volumes of flat and alloy steel in vehicle manufacturing. With Canada's push toward EVs, demand for lightweight, strong steel is growing for battery cases and frames. As per Statistique Canada, over 264,000 ZEVs were sold in Canada in 2024. Advanced manufacturing also uses press-hardened and galvanized steels for corrosion resistance and crashworthiness.
Domestic appliances is another key application of the market as appliance makers use stainless and carbon steel for dishwashers, refrigerators, ovens, and washing machines. The rust resistance and sleek appearance of stainless steel make it ideal for visible surfaces. Carbon steel is used for structural and motor housing parts. Whirlpool, Samsung, and GE source materials domestically for appliance manufacturing, which supports demand in this segment.
Increasing Steel Production in Alberta & The Prairies
The Canada steel market outlook is influenced by Alberta’s energy sector which uses for pipelines, oil rigs, refineries, and modular construction. Carbon and alloy steels are preferred due to harsh conditions in oil sands operations. Recent carbon capture projects also use corrosion-resistant steel. Edmonton and Calgary also have growing construction activity requiring rebar and structural sections.
Major regions in the Prairies, including Manitoba and Saskatchewan, rely on steel for agriculture, mining, and grain storage. Flat and long steel are used in manufacturing farm implements and machinery. The region is seeing growth in renewable energy installations, requiring steel for towers and foundations. For instance, the Bekevar Wind Energy Project in Saskatchewan generates 200 MW of clean, renewable electricity, powering 100,000 homes annually. Metal fabrication hubs in Winnipeg also support custom steel part production.
Key players in the Canada steel market are focusing on innovation, sustainability, and market expansion to maintain competitiveness amid evolving industry demands. Companies are heavily investing in green steel technologies, such as electric arc furnaces and carbon capture, to reduce emissions and comply with environmental regulations. Strategic partnerships and joint ventures help players expand their capabilities and supply chains. Collaborations aim to strengthen domestic steel supply for shipbuilding.
Thirdly, firms prioritize product diversification by developing specialized steel grades for automotive, construction, and renewable energy sectors. This includes producing high-strength, corrosion-resistant, and lightweight alloys to meet sector-specific needs. Fourthly, digital transformation and Industry 4.0 adoption enhance operational efficiency through AI, automation, and real-time analytics, improving quality control and reducing costs. Additionally, players focus on local sourcing and supply chain resilience to reduce import dependence and ensure timely deliveries amid global disruptions.
Algoma Steel, founded in 1901 and headquartered in Sault Ste. Marie, Ontario, focuses on sustainable steelmaking. It leads in green steel innovation with electric arc furnace technology, supporting Canada’s shift toward low-carbon steel production and modernizing its operations for cleaner, efficient manufacturing.
ArcelorMittal Dofasco, based in Hamilton, Ontario, was established in 1912. It specializes in flat carbon steel with advanced automation and AI-driven processes. Part of the global ArcelorMittal group, it serves automotive and construction sectors with high-quality, innovative steel solutions.
Founded in 1910 and headquartered in Hamilton, Ontario, Stelco Inc. produces flat-rolled steel. After restructuring, it invested in electric arc furnace technology, focusing on efficiency and sustainability while catering to automotive, construction, and appliance industries across North America.
Gerdau, founded in 1901 with Canadian headquarters in Toronto, specializes in long steel products. It emphasizes sustainable production and steel recycling to serve growing construction and infrastructure needs in North America, expanding its footprint through innovation and responsible manufacturing.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the Canada steel market are Canam Group Inc., Rolled Alloys, LMS Reinforcing Steel Group, Walters Inc., and others.
Unlock exclusive insights into Canada steel market trends 2026 with our expert-curated report. Stay ahead with data on green steel, infrastructure demand, and regional growth patterns. Download a free sample report now to explore emerging opportunities and make data-driven decisions in Canada’s evolving steel industry landscape.
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The market is projected to grow at a CAGR of 2.60% between 2026 and 2035.
Canada produces its steel at 13 plants in five provinces, including Alberta, Manitoba, Ontario, Saskatchewan, and Quebec. The industry is largely concentrated in Ontario, with six plants operating there.
High-carbon steel has a high resistance to wear and tear, which makes it suitable tools and metal automotive fasteners. Manufacturers in automotive sector use high-carbon steel to produce bushings, chassis, vehicle frames, and door panels.
The key strategies driving the market include investing in green steel technologies, forming strategic partnerships, adopting Industry 4.0 innovations, focusing on product diversification, enhancing supply chain resilience, and targeting infrastructure projects. These approaches boost sustainability, efficiency, and competitiveness amid evolving market demands and regulatory pressures.
Key trends aiding market expansion rising residential and commercial construction, a growing demand for automobiles, and manufacturers investing in research to reduce the emissions of steel production.
Major countries in the market are British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.
The key products of steel are flat steel and long steel.
The key players in the market report include Algoma Steel Inc., ArcelorMittal Dofasco, Stelco Inc., Gerdau S/A, Rolled Alloys, Canam Group Inc., LMS Reinforcing Steel Group, Walters Inc., and others.
In 2025, the market reached an approximate volume of 13.13 MMT.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about 16.97 MMT by 2035.
The construction segment dominates the market with uses in structural frameworks, reinforcing bars, beams, and roofing systems.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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