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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 | Apr 2016

Stealing the spotlight: Growth has been dampened considerably by a high level of import competition

IBISWorld’s Basic Steel Processing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Caparo Steel Products Ltd Caparo Steel Products Ltd market share
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
Revenue
£671m
Annual Growth 12-17
0.2%
Annual Growth 17-22
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Profit
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Employment
2,668
Businesses
48
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 2016-17 industry revenue has been relatively volatile, reflecting conditions in the wider economy. Growth in 2011-12 put the industry on a strong starting base as it recovered from the economic downturn. However, IBISWorld expects revenue to grow at a compound annual rate of 0.2% to reach £671 million over the five years through 2016-17. This includes estimated current year revenue expansion of 1.6%... purchase to read more

Industry Report - Starting a New Business Chapter

The Basic Steel Processing industry has high barriers to entry. High start-up costs and substantial import competition provide the main barriers for prospective entrants. Establishing or purchasing a steel processing plant requires a substantial amount of capital investment. Steel production necessitates large-scale machinery for every stage of the process, while a plant large enough to accommodate all the machinery is also essential. This results in extremely high start-up costs before a single item has even been produced, making it extremely difficult for a newcomer to enter the market. Rec.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Basic Steel Processing Industry?

Firms in this industry manufacture a range of steel products, such as bar, 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


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