The UK economy is bumping along, we have read about construction material costs rising across the board, tightening labour availability, and the latest Construction PMI shows subdued growth conditions.
So, what does 2018 and beyond hold for the structural steelwork sector?
Given these general conditions, the outlook is solid – as is the sector itself. In 2017 structural steelwork consumption in the sector was 894,000 tonnes. We did see an easing in consumption last year, but 2018, 2019 and 2020 are forecast for an increase of 1.4%, 2.5% and 2.2% respectively giving total structural steelwork consumption of 950,000 tonnes by 2020. Continue Reading →