With the 2019 Spring Statement due on 13 March, and the UK currently scheduled to exit the EU at the end of March, all eyes are on the UK economy this month. But what does this actually mean for the structural steelwork sector?
Every year, Construction Markets undertakes what is believed to be the largest survey of its kind, surveying specifiers and analysing the responses against government data in order to calculate the current and future consumption of structural steelwork in the UK, and the market share of the key framing materials.
The most recent data has just been released, including forecasts to 2021, and as most of us would have expected, in 2018 the consumption of structural steelwork in the UK remained fairly flat at 895,000 tonnes. Overall, Construction Markets is forecasting more of the same in 2019 (up 0.5%) and then stronger growth overall in 2020 (up 2.3%) before a levelling off again in 2021. By 2021, the UK’s consumption of structural steelwork should have reached 920,000 tonnes.
But the interesting reading really comes when we delve into the details of some key sectors.