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Report highlights falling UK demand

A British Stainless Steel Association product story
Edited by the Engineeringtalk editorial team Oct 25, 2004

A new report from the British Stainless Steel Association confirms that although the global stainless-steel market continues to grow, UK demand has faltered, especially since the mid-1990s.

In its latest special report, "A profile of the UK stainless steel market", the British Stainless Steel Association confirms that since the early 1980s, globally, stainless steel has enjoyed an average annual growth rate of 5-6%, significantly faster than the majority of other metals.

However, in the UK demand growth has faltered, especially since the mid-1990s.

Written by Duncan Munro, until recently, the Director of the BSSA, it traces the development and current structure of the UK stainless-steel market, identifying key trends of the past 25 years.

The analysis is set in the context of the overall European picture where growth rates have been higher.

The report will assist companies in the stainless-steel supply chain towards a better understanding of the UK market for their products and inform a wider audience about the distinctive features of the stainless steel sector, which differentiate it from the wider steel industry.

In the current turbulent raw material markets, stainless steel users will also gain a perspective on immediate trends affecting their business.

The report draws on a wide range of sources, the most important of which are referenced.

Included, is a table and graph with data provided by the Iron and Steel Statistics Bureau which details a breakdown by product type of UK apparent domestic consumption of stainless steel between 1990 and 2003.

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