Industry Analysis & Industry Trends
Industry operators have struggled to contend with difficult operating conditions over the past five years. As a result, revenue is expected to decline at a compound annual rate of 12.3% over the five years through 2016-17. Domestic demand for steel has remained below pre-crisis levels, contributing to the decline in revenue. Global demand for steel fell during the latter part of the period, fuelled by a slowdown in China, and hampered industry performance. Industry exports also fell because overseas rivals were able to produce steel at considerably lower costs. This was because industry operators are faced with high energy costs and additional charges related to climate change policies. Meanwhile, import competition increased strongly and compounded the problems faced by the industry... purchase to read more
Industry Report - Industry Locations Chapter
Manufacturing industries in the United Kingdom are traditionally located in the northern areas of England, and this holds true for the Iron and Steel Manufacturing industry. Yorkshire has the highest concentration of industry establishments, with approximately 15.9% of industry establishments being located in the region. The industry's largest operator, Tata Steel Europe Ltd has production plants in Yorkshire. The region offers industry operators good access to key downstream manufacturing industries.
The West Midlands
The West Midlands is home to approximately 14% of industry establishments, making it the second most concentrated region. It .. purchase to read more