There are 1,160 businesses successful the UK alloy industry, straight supporting 40,000 different firms, according to authorities figures., external
Tata Steel astatine Port Talbot successful Wales was erstwhile the UK's largest virgin alloy shaper but it turned disconnected its blast furnace successful September 2024, saying it was losing £1.7m a day.
An statement with the UK authorities was reached which saw it perpetrate £500m to assistance the institution determination to greener forms of steelmaking.
Other steelmakers successful the UK see Liberty Steel, Celsa, Marcegaglia and Outokumpu.
Liberty Steel besides has a works successful Scunthorpe that is facing closure. The authorities took power of its Speciality Steels UK (SSUK) division successful August past year, and agreed to screen the ongoing wages and costs of the works portion a purchaser is sought.
In 2024 the UK alloy manufacture contributed £1.7bn to the UK system - equivalent to 0.1% of full UK economical output and 0.8% of manufacturing output.
The latest figures for 2023 amusement the UK produced 5.6 cardinal tonnes of crude steel, oregon 0.3% of the world's total. In comparison, China produced much than 1,000 cardinal tonnes, 54% of planetary production.
The EU produced 126 cardinal tonnes of alloy successful 2023, astir 7% of the world's total. Compared with EU countries, the UK ranked arsenic the eighth largest alloy producer, aft Germany, Italy, Spain, France, Austria, Poland and Belgium.
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