Insight

Article 50: what Brexit will mean for the UK's flat steel trade

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

The UK is set to trigger Article 50 starting the two year process for withdrawal from the EU28 group of countries. The Prime Minister has already signalled that the UK will leave the single market upon exiting the EU. The UK leaving the EU customs union creates problems for both sides but there is more at stake for the UK steel industry. The UK joined the European Community in 1973 and UK steel producers have now had 44 years of integration. Access to the EU flat steel market is important for UK manufacturers and critical to cross border supply chain management. With a high level of government intervention crude steel producers and manufacturers could both benefit from Brexit but early indications suggest that this will not be forthcoming. It will not be easy for the UK flat steel industry to go it alone and UK steel producers look likely to lose out.

What's included

This report contains

  • Document

    Trigger time: what Brexit will mean for the UK's flat steel trade

    PDF 264.27 KB

Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

  • The UK is a net importer of all types of flat steels
  • Proportionally, more value-added products are imported than commodity grades
  • Trade with the UK represents less than 3% of total EU27 flat steel imports and exports…
  • …whereas the UK sources 65% of coated-steel used from the EU single market

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898