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Iron & Steel Manufacturing in the UK: Market Research Report

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

Iron & Steel Manufacturing Market Research Report | SIC C24.100 | Nov 2016

Stealing demand: Cheap steel produced abroad has caused a rapid rise in imports

IBISWorld’s Iron & Steel Manufacturing 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
British Steel Ltd British Steel Ltd market share
Celsa Steel (UK) Ltd Celsa Steel (UK) Ltd market share
Tata Steel Europe Limited Tata Steel Europe Limited market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • Import competition has increased strongly, compounding the industry's problems
  • Domestic operators were unable to compete with foreign rivals due to high energy costs and climate change policies
  • Domestic operators will find it difficult to compete with imports without government intervention
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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 - Starting a New Business Chapter

The Iron and Steel Manufacturing industry exhibits moderate barriers to entry, since new entrants face relatively high start-up costs, environmental regulations and competition from established brands.

Start-up costs are relatively high in the industry, predominantly because of machinery and equipment necessary to manufacture iron and steel. In the production process large machinery is required, such as blast furnaces and rolling and forging mills, to complete most stages of the process. However, start-up costs vary between the size and scale of operations. For instance, small players incur relatively low start-up costs when compared to large firms.

Prospective new entrants must also be compliant with strict environmental regulations aimed at reducing emissions. Sin.. purchase to read more

Additional Insights for the Iron & Steel Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron & Steel Manufacturing Industry are

  • Ability to compete on tender
  • Ability to accommodate environmental requirements
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as World price of steel and Total value of construction in the Iron & Steel Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Iron & Steel Manufacturing Industry?

    Firms in this industry produce iron and steel in blast furnaces or reprocess steel in electric arc furnaces. They make a variety of basic steel products, such as ingots, sheets, plates, bars, rods, girders and sections.

    Industry Products
    SectionsRods and barsIngotsWire coilPlates, sheets and stripsTin mill productsRailway sleepers and other products
    Industry Activities
    Producing pig iron Manufacturing ferroalloysProducing angles, shapes and sections of stainless steel, iron, alloy and non-alloy steel Producing bars and rods of stainless steel, iron, alloy and non-alloy steel Manufacturing ingotsManufacturing plates, sheets and strips of iron and steel

    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
  • Total value of construction
  • Demand from motor vehicle manufacturing
  • World price of coking coal
  • World price of iron ore
  • Current Performance
  • Domestic conditions
  • Intense foreign competition
  • Volatile margins
  • Chart: Revenue Growth
  • Industry Outlook
  • Domestic demand improves slowly
  • Global demand rises
  • Profitability improves sluggishly
  • Table: Iron & Steel Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron & Steel Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Motor Vehicle Manufacturing
  • Commercial Building Construction
  • Residential Building Construction
  • Railway & Underground Railway Construction
  • Metal & Metal Ore Wholesaling
  • Key Selling Industries
  • Hard Coal Mining
  • Products & Services
  • Plates, sheets and strips
  • Rods and bars
  • Sections
  • Ingots
  • Wire coil
  • Tin mill products
  • Railway sleepers and other products
  • Chart: Iron & Steel Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Construction sector
  • Machinery and equipment manufacturers
  • Fabricated metal producers
  • Automotive industries
  • Other metal goods manufacturers
  • Chart: Major Market Segmentation for the Iron & Steel Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Utilities
  • Depreciation, rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Iron & Steel Manufacturing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Iron & Steel Manufacturing Industry
  • Industry Globalization
    Major Companies
    Tata Steel Europe Limited
    British Steel Ltd
    Celsa (UK) Holdings Ltd
  • Table: Tata Steel Europe Limited - financial performance
  • Table: British Steel Ltd - financial performance
  • Table: Celsa (UK) Holdings Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Iron & Steel Manufacturing 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 Iron & Steel Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Cold Rolling
  • Rolling is a process in which metal stock is passed through one or more pairs of rolls. If the temperature of the metal is below its recrystallization temperature, it is known as cold rolling.
  • Electric Arc Furnace
  • A furnace that heats charged material by means of an electric arc.
  • Ferroalloys
  • Alloys of iron containing a high proportion of one or more other elements, such as aluminium, manganese, silicon, nickel or magnesium.
  • Ingot
  • A material, usually metal, that has been cast into a shape suitable for further processing.
  • Melt Shop
  • A melt shop melts scrap charge to liquid steel at the required temperature and chemical analysis.
  • Smelting
  • A form of extractive metallurgy. Its main use is to produce a base metal from its ore.

  • 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 Iron & Steel Manufacturing:
    • 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 Iron & Steel Manufacturing 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 Iron & Steel Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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