New research reveals UK’s fastest-growing iron, steel export destinations

Pakistan, Turkey and India have been identified as the UK’s fastest-growing export partner nations for iron and steel products, according to new research.

The research that revealed this came from Wyelands Bank, which in 2017 was bought by Sanjeev Gupta, the executive chairman of international steel and metals group Liberty House. Iron and steel exports to the three countries were worth a total of $1.4 billion in 2017, with growth rates of 5.9%, 1.4% and 0.9% respectively expected in the years between now and 2021. Turkey Turkey is now the UK’s largest single-nation market for iron and steel exports, with an increase of 14% over the past 10 years. Exports to Turkey were worth $815 million in 2017, some $100 million more than in 2007 when their total value was $715 million. The total volume of iron and steel...

Published

Carrie Bone

August 15, 2018

19:12 GMT

London