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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 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
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
Revenue
£4bn
Annual Growth 12-17
-12.3%
Annual Growth 17-22
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Profit
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Employment
15,729
Businesses
242
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

Yorkshire

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

 


Industry ProductsRelated ReportsTable of Contents

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


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