Industry Analysis & Industry Trends
Firms in the Basic Steel Processing industry make a variety of intermediate steel products (bars, strip, wire and shapes) that are typically sold as inputs to businesses in other industries. The industry's products are extensively used by the construction sector, as well as by motor vehicle manufacturers, equipment manufacturers, firms that manufacture fasteners and as fencing. The industry's revenue is expected to be about £641.3 million in 2011-12, compared with about £752.8 million five years earlier (an average annual fall of 3.2%).The industry, which was already in long-term decline, was hit hard by recession in 2009-10. However, since that time, industry revenue has made some gains and is expected to expand by about 8.0%.. purchase to read more
Industry Report - Industry Key Buyers Chapter
The Basic Steel Processing industry has moderate concentration. The four largest firms account for about 45% of industry revenue. To a large extent, moderate concentration reflects a tendency among firms to specialise in particular segments of the industry. The tough market conditions prevailing since the recession have led to a reduction in the number of industry participants. Concentration is estimated to have increased as smaller firms lacking the cost advantages provided by economies of scale, have exited the industry... purchase to read more