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Basic Steel Processing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Basic Steel Processing Market Research Report | SIC C24.300 | Jun 2017

Steeled for trouble: The weak pound and rising steel prices are expected to boost input costs

IBISWorld’s Basic Steel Processing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Hadley Industries Holdings Limited Hadley Industries Holdings Limited market share
Metsec plc Metsec plc market share
Tata Steel UK Limited Tata Steel UK Limited market share
Industry Statistics & Market Size
Annual Growth 13-18
Annual Growth 18-23
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Industry Threats & Opportunities
  • Strong import competition has diverted demand away from industry operators recently
  • Uncertainty stemming from the EU referendum may dampen demand from residential building construction
  • The low value of the pound could support the industry as imports will become relatively more expensive
  • ... purchase to read more

Industry Analysis & Industry Trends

Firms in the Basic Steel Processing industry make a variety of intermediate steel products including steel bars, strip, wire and sections. These are typically sold as inputs to businesses in other industries. Over the five years through 2017-18, industry revenue has been relatively volatile, reflecting conditions in the wider economy. A significant fall in global steel prices in 2015 caused industry revenue to contract, which resulted in a number of major players exiting the industry. IBISWorld expects revenue to fall at a compound annual rate of 2.7% over the five years through 2017-18. In the current year revenue, is anticipated to decline by 1.9% to reach £581.6 million.

Industry products are used in building reinforcement and roofing, among other applications... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Basic Steel Processing industry is in the decline phase of its life cycle. Industry revenue has fallen over the past five years and as a result, industry value added (IVA) has declined. This has largely been the result of falling enterprise and establishment numbers, which have resulted in dwindling employment figures and reduced wage expenditure, a key consideration in the calculation IVA, which measure the industry's contribution to the wider economy. Sharp contractions in steel prices have weighed on IVA over the past five-year period. Consequently, overall IVA is forecast to contract at a compound annual rate of 4% over the 10 years through 2022-23. UK .. purchase to read more

Additional Insights for the Basic Steel Processing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Basic Steel Processing Industry are

  • Ability to pass on cost increases
  • Economies of scale
  • Having a diverse range of clients
  • IBISWorld analysts also discuss how external factors such as World price of steel and Demand from commercial building construction in the Basic Steel Processing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Basic Steel Processing Industry?

    Firms in this industry manufacture a range of steel products, such as bars, strip, sections and wire. All products are manufactured by using cold processing methods, such as cold rolling, forming and drawing.

    Industry Products
    Cold-rolled barsCold-rolled narrow stripCold-folded or cold-formed steel sectionsCold-drawn wire
    Industry Activities
    The steel bars by cold drawing, grinding or turningThe cold rolling of narrow (less than 600 millimetres wide) steel strip The steel sectors by cold forming or folding on a pressThe cold drawing of steel wire

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of steel
  • Demand from commercial building construction
  • Demand from motor vehicle manufacturing
  • Demand from residential building construction
  • Current Performance
  • Construction sector
  • Residential construction
  • Motor vehicle manufacturers

    and steel prices

  • Chart: Revenue Growth
  • Industry Outlook
  • Demand conditions
  • Hitting the brakes
  • Polishing up
  • Table: Basic Steel Processing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Basic Steel Processing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Fastener & Screw Machine Product Manufacturing
  • Motor Vehicle Manufacturing
  • Commercial Building Construction
  • Residential Building Construction
  • Key Selling Industries
  • Electricity Supply
  • Iron & Steel Manufacturing
  • Products & Services
  • Cold-folded or cold-formed steel sections
  • Cold-drawn wire
  • Cold-rolled bars
  • Cold-rolled narrow strip
  • Chart: Basic Steel Processing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Construction companies
  • Automotive firms
  • Machinery and equipment manufacturers
  • Fastener manufacturers
  • Fencing manufacturers
  • Chart: Major Market Segmentation for the Basic Steel Processing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Basic Steel Processing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Basic Steel Processing Industry
  • Industry Globalization
    Major Companies
    Voestalpine Metsec plc
    Hadley Industries Holdings Limited
    Tata Steel UK Limited
  • Table: Voestalpine Metsec plc - financial performance
  • Table: Hadley Industries Holdings Limited - financial performance
  • Table: Tata Steel UK Limited - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Basic Steel Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Basic Steel Processing Industry
  • Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Cold Drawing
  • A metalworking process that uses tensile force to stretch metal. This process is usually performed at room temperature.
  • Cold Rolling
  • A metalworking process where metal is passed through rollers at below its recrystallisation temperature, increasing its strength and finish.
  • Cold-Formed Steel
  • Thin gauges of sheet steel that are stamped, rolled or pressed to make a product.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Basic Steel Processing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Basic Steel Processing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Basic Steel Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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