BCSA and Tata Steel engage a market research company, Construction Markets to forecast consumption of structural steelwork. The updated forecasts are now available and are summarised below and in the attached spreadsheet.
The consumption of structural steelwork in the UK is expected to increase 5% to 862,000 tonnes in 2015 according to Construction Markets. This increase in demand comes off the back of a 6% rise in 2014, reflecting the steady recovery in the construction sector. The updated forecast for 2015 is however somewhat lower than the 9% growth originally forecast in February this year.
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