UK
Ireland
Scotland
London
Construction News
15/12/2017
UK Steel Producers 'Could Benefit From £3.8bn Of Opportunities By 2030'
New research by the Government has revealed UK steel producers could benefit from market opportunities worth up to £3.8 billion by 2030.
The 'Future Capacities and Capabilities of the UK Steel Industry' study also recognises barriers that the sector is working to overcome, with significant progress already made to tackle global over-capacity in the steel market.
An extended pipeline of steel procurement has also been released, which states three million tonnes of steel is to be used in government infrastructure projects by 2021.
Minister for Climate Change and Industry Claire Perry said: "Through our modern Industrial Strategy, the government has been clear that we will do everything we can to support our steel industry. The capability and capacity report identifies high value opportunities for the sector worth nearly £4 billion.
"The steel pipeline shows our commitment to using UK steel for infrastructure projects and we want UK companies big and small to be strong competitors for government contracts."
Much of the steel will be used across the UK in projects such as High Speed 2 (HS2) and the construction of Hinkley Point C.
The pipeline will allow steel companies to better plan for the long term, helping large and small manufacturers to compete effectively for government contracts.
General Secretary of Community the steelworkers' union, Roy Rickhuss, said: "Community welcomes the 'Future Capacities and Capabilities' report. This will help us all better understand the opportunities and challenges facing the UK steel industry.
"We also welcome the new procurement pipeline, which will assist steel companies in planning and investing for the future.
"The UK steel industry has enormous potential, and we urge government and steel companies to continue working with the unions to secure a sustainable future for UK steelmaking. Crucial to this future will be the successful conclusion of a 'sector deal' for our industry, which will unlock investment and safeguard thousands of jobs across the UK."
To view the Future Capacities and Capabilities report, visit here.
(LM/MH)
The 'Future Capacities and Capabilities of the UK Steel Industry' study also recognises barriers that the sector is working to overcome, with significant progress already made to tackle global over-capacity in the steel market.
An extended pipeline of steel procurement has also been released, which states three million tonnes of steel is to be used in government infrastructure projects by 2021.
Minister for Climate Change and Industry Claire Perry said: "Through our modern Industrial Strategy, the government has been clear that we will do everything we can to support our steel industry. The capability and capacity report identifies high value opportunities for the sector worth nearly £4 billion.
-- Advertisement --
"The steel pipeline shows our commitment to using UK steel for infrastructure projects and we want UK companies big and small to be strong competitors for government contracts."
Much of the steel will be used across the UK in projects such as High Speed 2 (HS2) and the construction of Hinkley Point C.
The pipeline will allow steel companies to better plan for the long term, helping large and small manufacturers to compete effectively for government contracts.
General Secretary of Community the steelworkers' union, Roy Rickhuss, said: "Community welcomes the 'Future Capacities and Capabilities' report. This will help us all better understand the opportunities and challenges facing the UK steel industry.
"We also welcome the new procurement pipeline, which will assist steel companies in planning and investing for the future.
"The UK steel industry has enormous potential, and we urge government and steel companies to continue working with the unions to secure a sustainable future for UK steelmaking. Crucial to this future will be the successful conclusion of a 'sector deal' for our industry, which will unlock investment and safeguard thousands of jobs across the UK."
To view the Future Capacities and Capabilities report, visit here.
(LM/MH)
Latest Construction News
06/02/2025
Work has officially begun on Burleyfields Primary School, a new educational facility set to open in Stafford for the 2025/26 academic year.
The school, located on Martin Drive, will be part of the Creative Learning Partnership Trust, helping to meet the growing demand for school places in the area
06/02/2025
Small businesses in the Tees Valley are set to benefit from new office and commercial space at the Teesworks site, following planning approval from Redcar & Cleveland Council.
Teesworks Ltd has secured permission to develop more than 40 hybrid commercial units of varying sizes on the 4,500-acre sit
06/02/2025
The Hill Group and Lloyds Living have celebrated a major milestone in the construction of Nexus, a 264-home Build-to-Rent (BTR) development in Stevenage town centre, with a traditional topping out ceremony.
This marks the highest point of construction for the project, which is Hill's first BTR ven
06/02/2025
Housebuilder The Hill Group and Sovereign Network Group (SNG) are expanding their strategic investment partnership to accelerate the delivery of much-needed new homes across England.
The Sovereign Hill Partnership, formed in November 2023, has proven to be a highly successful model of joint ventur
06/02/2025
Construction is now underway on a £23 million refurbishment project to create a new specialist education school for Coventry City Council at the former Woodlands School site.
Clegg Construction has begun the redevelopment at the Broad Lane, Eastern Green location. The new facility will provide much
06/02/2025
Network Rail has entered the next phase of construction on the Mid Cornwall Metro (MCM), a transformative project designed to enhance coast-to-coast rail travel in Cornwall.
Funded by the UK Government and Cornwall Council, the MCM is being delivered in partnership with Great Western Railway (GWR).
06/02/2025
Join Fronius UK on Wednesday March 26th, for an engaging Cobot Open Day in Milton Keynes, where you can explore the incredible capabilities of the CWC-S and Mobile Cobot systems.
These advanced collaborative robots are transforming the manufacturing landscape by offering unmatched precision, effic
06/02/2025
A major milestone has been reached in the construction of Lighthaus, Starlight Investments' flagship build-to-rent (BTR) development in Liverpool Waters, as partners Starlight Investments, X1, Vermont and Peel Waters celebrated its topping out ceremony.
Standing 31 storeys tall, Lighthaus is set to
06/02/2025
Vistry Group has secured a 16-acre site in Bulkington, near Bedworth, with plans to build 149 new family homes.
The development, named St James Gate, has received full planning permission from Nuneaton and Bedworth Borough Council and will bring a mix of one-, two-, three-, and four-bedroom homes
05/02/2025
Stockport Mayoral Development Corporation (MDC) and ECF, a joint venture between Homes England, Legal & General, and Muse, have selected Vinci as the preferred contractor for Phase 1 of Stockport 8, a £350 million residential development west of Stockport town centre.
The decision follows a competi
