The market is dominated by foreign suppliers, as imports account for 56.7% of total market size in 2020. B2B drives market demand, with B2B spending representing 100% of total demand in 2020. The UK has the sixth largest market size for basic iron and steel in the region, with demand reaching USD16.7 billion in 2020. Tata Steel UK Ltd is the largest company in the UK, generating 7.7% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 20.2% of total production value in 2020. The total number of companies increases in 2020, to 3,426 units. The costs of the industry decrease by 9.8% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 7.6% of production value in 2020, the 14th highest in the region. With production value of USD10.2 billion, the UK accounts for 4.4% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in the UK: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in the UK: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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