Upholding Optimism in the Metals Sector Amidst International Trade, Energy, and Labour Challenges
In the face of rising energy prices, post-EU adjustments, and persistent labor shortages, the UK Metals Council’s latest report sheds light on the challenges and resilience of the industry. Scheduled for release on September 13th during the UK Metal Expo in Birmingham, the State of the Metals Industry in the UK 2023/24 survey reveals noteworthy trends and sentiments within the sector.
According to the report, nearly 25% of surveyed firms acknowledge adapting supply chain strategies due to challenges, with almost a third seeking increased Government support post-Brexit. Notably, 70% of respondents express optimism about future business prospects, underscoring the sector’s ability to innovate and overcome obstacles.
25% of surveyed firms acknowledge adapting supply chain strategies due to challenges
Rachel Eade MBE, Chair of the UK Metals Council, emphasizes the crucial role of metals in daily life, from transportation to medical devices, and advocates for valuing metals in the journey towards a Net Zero economy. The report delves into industry-wide concerns, spanning Brexit-induced supply chain disruptions, raw material availability, and the challenge of recruiting skilled personnel.
Lord Rupert Redesdale, Chair of the UK Metals Expo, anticipates lively discussions around the report’s findings during the event, emphasizing its alignment with the UK’s Net Zero ambitions. The UK Metals Council, representing over 11,000 companies, aims to provide a comprehensive snapshot of the domestic metals industry, influencing future policies and supporting sustainable growth.
As the industry faces multifaceted challenges, Orion Alloys Ltd stands ready to contribute to the sector’s resilience and growth.
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