Crude Steel Production
UK crude steel production plummeted to 7.6 million tonnes in 2016 reflecting the full year effect of the closure of the SSI plant at Teesside. Output reduced further in 2017 to a record low as a result of cutbacks at other steel producing facilities. Within the overall proaction figure steel produced by Electric Arc Furnace appears to have stabilised at 1.5 million tonnes.
UK steel demand was flat in 2017 despite well publicised reductions in activity within the Construction and Automotive sectors. The quarterly trend however reveals that the year started well but demand declined as the year progressed.
Trade in Steel
UK exports of steel products have plummeted since the peak in 2014. The closure of the SSI plant at Teesside was by far the main contributor to this decline as almost all production (of semis) was exported. Despite the favourable exchange evident since the BREXIT referendum export activity has not increased. Import levels were stable in 2017.
Below we show the geographical split of UK steel exports and imports over 2013 and 2014.