INSIGHTS - OCTOBER 2024

UK Steel Industry

UK Steel Industry Information

The basic metals industry involves smelting or refining metals from ore or scrap to produce basic metals products such as plate, sheet, strip, bars, rods, wire, tubes and pipes.

Active Businesses

2,095

Annual Sales

£29bn +

Employees

64,118

Economic Contribution 

£5bn

Tags

Location of Steel Companies

Steel Companies by Size

41% Micro

39% Small

12% Mid

6% Large

2% Mega

Steel Companies by Age

44% Mature

22% Established

17% Young

16% Startup

1% New

Fastest Growing Steel Companies

30% Healthy

26% Declining

22% High

13% Rapid

9% Low

Steel Industry Competitive Environment - New Entrants vs Leavers

Steel Industry Valuation

EBITDA Multiple

Data only available to Pomanda Pro subscribers.

Steel Industry Valuation

Turnover Multiple

Data only available to Pomanda Pro subscribers.

Steel Industry Valuation

Net Asset Multiple

Data only available to Pomanda Pro subscribers.

Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Manufacture of basic metals Industry Insights

There are 2,095 active Businesses in the UK with combined annual sales of £29 billion .

The Industry employs around 64,117 people and contributes £5 billion to the economy.

The most popular location for Steel companies is West Midlands with 405 and the fewest are located in Northern Ireland with 56.

The largest Steel company is P.j. Pipe & Valve Co. Limited with a turnover of £16.3bn. 41% of the industry is comprised of Micro companies with only 12% Mid companies.

16% of the Steel Industry is made up of 16% Startup but the majority are Mature businesses (44%) the oldest company is Joseph And Jesse Siddons Limited founded in 1881.

Steel industry has a number of high growth companies (13%), the fastest growing company is Bridge Aluminium Limited with a 3 year growth rate of 117%. Other fast growing companies include Exfavilla Limited (63%), Castalum Limited (44%) and The Commonwealth Mint & Philatelic Bureau Ltd (40%).

The UK Steel Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 6.76x, Turnover multiple of 0.96x and a Net Asset multiple of 1.73x.