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 2015-16, industry revenue is expected to generate stable growth, recovering from the earlier lows of the economic downturn. IBISWorld expects industry revenue to grow at a compound annual rate of 4% to reach £763 million over the five years through 2015-16. This includes estimated current year revenue expansion of 4.5%.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.