HomeBlogThings Aren’t Looking Up for Those in UK Steel Market

Things Aren’t Looking Up for Those in UK Steel Market

It is known worldwide that the steel industry is in shambles – Business Insider even goes so far as to call it a “meltdown.” More and more steel companies are making substantial cuts to their workforce and factories, and some are having to close doors altogether. Meanwhile the UK government is trying to intervene to produce both short-term and long-term solutions to the current crisis.

Why the Current Crisis

There are multiple factors that are being said to contribute to the current state of the steel market in the UK. Current challenges include the strength of the pound, added costs for new polices related to climate change and high competition from China. Some allegations are surfacing that steel produced in China is being sold in the UK market for extremely low prices, having a profound effect on what UK producers can sell their products for.

What is at Risk?

Jobs in UK’s steel industry at facing the most risk during the industry crisis. More specifically, there are around 20,000 people employed by UK’s steel market and now one ins six of those employees are losing their jobs or are in an at-risk position.

JD Fields Construction Group

JD Fields Construction Group

Prior to founding J D Fields & Company, Jerry Fields gained decades of experience in construction products and piling applications managing equipment rentals, material sales, and product operations. Coupled with his oil and gas experience, Jerry built a rock solid foundation of industry knowledge and relationships that allowed him and his partners to start the company in 1985. Incorporated in Houston, Texas, JDF quickly diversified into multiple construction markets and applications. Today, it is a premiere international source for natural gas pipe and piling products. Strategically positioned at the Port of Houston corridor, our flagship stocking facility has 40 acres of laydown area with steel processing and fabrication capabilities. We carry more than 50,000 tons of pipe and piling inventory throughout the states to serve North America, Canada, Mexico, the Caribbean and other international markets.

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