In 2023, the gross investment in the UK's manufacture of basic iron and steel sector was below £441.49 million. Forecasts indicate a steady increase from 2024 to 2028, with values rising from £441.49 million to £480.09 million. The year-on-year growth shows an average increase between 2.2% and 2.4%. The five-year CAGR is approximately 2.1%, demonstrating moderate growth expectations within the sector.

Future trends to watch for include:

Potential impacts of evolving environmental regulations and policies aimed at reducing carbon emissions in the industrial sector.
The influence of technological innovations on production efficiency and investment needs within the iron and steel industry.
Global market dynamics such as trade policies, raw material costs, and demand fluctuations affecting the industry's financial forecasts.