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14 Essential Steel Building Statistics You Need To Know In 2024

Steel Building Statistics

Curious about steel buildings and the wider steel industry as a whole?

If you’re considering your own steel building project, it’s good to have an understanding of why steel buildings are a great choice – as well as what else is happening in the wider steel industry.

Steel buildings are known for their strength, durability and high strength-to-weight ratio. We’ve compiled a list of essential steel building statistics you need to know, which should help you make informed decisions for your next project.

Steel industry statistics

What does the steel industry as a whole look like? Let’s take a look at some of the latest and most relevant statistics.

The number of construction firms is growing

The construction industry in the UK, including steel buildings, was valued at approximately £132.9 billion in 2022, and the number of construction firms increased by 5.9% compared to the previous year.

New orders rising in both the private and public sector

New orders in the construction sector, which includes steel buildings, rose by 11.4% in 2022, driven by both private and public sector growth.

There are more grades of steel than you might think

Steel is not a single product. There are more than 3,500 different grades of steel with many different physical, chemical, and environmental properties.

The Eiffel Tower could have been a whole lot cheaper

Approximately 75% of modern steels have been developed in the past 20 years. If the Eiffel Tower were to be rebuilt today, the engineers would only need one-third of the steel that was originally used.

Millions of tonnes of steel are produced annually

World crude steel production reached 1 849.7 Mt (million tonnes) for the year 2023.

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Steel frame building statistics

As you can see, the steel and wider construction industry is in a great place – growing annually. Now, let’s dive a little deeper into what we specialise in here – Steel frame buildings.

Here are some statistics you need to know on steel frame buildings.

Steel frame buildings are durable

Steel has the highest strength-to-weight ratio of all construction materials.

Market domination in the UK

Steel’s market share of buildings in the UK, compared to other materials, has increased significantly since around 1980 and is now the highest in the world. At that time, steel’s market share of framed single-storey buildings was 65%, and it is now 95%, and of multi-storey buildings, it was 30%, and it is now 70%.

Steel frames account for the majority of shed construction

In 2023, steel frames accounted for 98.7% of all industrial shed building construction in the UK compared with 0.2% for in-situ concrete, 0.6% for precast concrete and 0.5% for load-bearing masonry.

Cost of steel building statistics

Steel structures are strong and durable, but they are also extremely cost-effective. You get a lot for your money. There aren’t many statistics around steel building pricing, but we felt you needed to know this one.

Less material is required in steel buildings

Steel can require 25-50% less material than other building components.

Steel building sustainability statistics

Steel buildings are strong and cost-effective, but they are also extremely sustainable. Steel can be produced with minimal waste and can be reused and recycled over long periods of time.

In a world where sustainability is an important factor in buying, it’s good to know that your building is doing good for the planet.

Steel buildings are often chosen for their sustainability

The UK steel industry is known for its high recycling rates. Approximately 93% of steel is recycled, contributing to the environmental benefits of using steel in construction.

Steel can be recycled with ease

Steel is 100% recyclable. The global construction recovery rate is 85%.

Steel buildings vs other materials statistics

A common consideration people have when considering a steel building is whether or not they should actually use Steel, or whether they should use another material, such as wood. This is especially common for shed-type buildings. (Read: Different types of steel buildings)

If that’s you, you’ll want to know these statistics about steel compared to other materials.

The cost of steel framing is slightly higher than wood

About 20% of the total cost of building new construction is spent on framing and trusses. While you may think steel framing would be significantly more than wood framing, the truth is structural steel panels cost only about 5% more than wood trusses. Not bad when you consider the number of benefits you get for that 5%!

Labour costs for steel are much less

The labour costs of installing a steel structure or metal building are usually reduced by up to 50% compared to building with wood. This is because metal trusses are faster and easier to install.

Steel structures are lighter than concrete

A steel structure is 30-60% lighter than a similar one made from concrete. Despite being lighter, it’s also stronger and more durable.

Ready to get started?

I hope you’ve enjoyed these steel building statistics. The steel industry continues to demonstrate its vital role in the UK construction sector, driven by its unparalleled strength, durability, and sustainability.

With the construction industry showing significant growth and steel framing dominating the market, it’s clear that steel buildings are an excellent choice for a wide range of projects.

If you’re ready to get started with your steel building project, request a free quote from our friendly team at Vanguard Steel Buildings. After you submit your request, we will send your quote, a 3D mockup, and drawings within 6 working hours.

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