The Steel and Metal Council (SMC) has released its latest steel and metal manufacturing index, which shows a slight rise in the industry.
The index is based on the steel and steel products produced in the UK and Germany, as well as on the imports of these products into the UK.
The industry has been growing at a solid clip in the past year, with a 10 per cent growth in production in the first quarter of the year, and an increase of 3 per cent in volume.
The steel industry is one of the most important to the UK’s economy and has seen an increase in the number of steel jobs over the past decade.
But the industry has also seen a number of major cuts in output over the last few years, and many of these have occurred in recent years.
The current index shows a positive decline in the total steel production, which represents a decline of 0.6 per cent.
In the first half of 2018, the industry had an output of around 12 million tonnes of steel products, but it has been cut in half over the same period, as shown in the following graph.
This has caused the industry to experience an average fall in production of 3.5 per cent per year over the years.
As a result, there has been a marked increase in steel output in the third quarter of 2018.
There has been an increase from 9 million tonnes in the second quarter of 2017 to 13.6 million tonnes, representing a total production increase of 22.3 per cent over the period.
As this graph shows, the steel industry has continued to grow at an impressive rate in recent months, and is forecast to grow by 7.6 to 8.4 per cent this year.
The latest results are particularly encouraging as there is an average drop in the production of steel by about 0.1 per cent a year, which is the highest level seen since the mid-1990s.
The sector’s future is uncertain at the moment, however, as the UK is facing a massive financial crisis due to the EU referendum and a number other economic factors.
The future of the steel sector in the long-term is also uncertain, with the industry facing competition from more cost-effective alternatives.
A strong recovery in the market is needed, as steel manufacturers face an uncertain future.
Steel manufacturers in the EU have already announced that they will close down and leave the UK for a number on the continent, including Poland, Romania, Bulgaria, and Hungary.
It is unlikely that any of these countries will make a strong recovery from the economic crisis, and this will only increase pressure on the industry as the industry looks for new growth sources.