Report highlights challenges facing metals sector

Nearly a quarter of firms in the UK Metals Council’s State of the Metals Industry in the UK 2023/24 survey admitted to adjusting supply chain strategies or sourcing alternatives, whilst just under a third want enhanced government support to navigate trade barriers and custom procedures following Brexit.

Under a quarter (22 per cent) of manufacturers are also looking for improved energy supply contracts to make prices more affordable, with 31 per cent of businesses saying that they have an effective recruitment strategy in place for filling the labour gaps.

Despite the headwinds, 70 per cent of respondents said they are optimistic or very optimistic about future business prospects. The report will be launched at UK Metals Expo, which runs from September 13-14 at NEC Birmingham.

Rachel Eade MBE, chair of the UK Metals Council, said: “Foundation industries will continue to play a critical role in the way we all live, and this vital sector needs a voice to ensure that the government understands the journey we are on.