STEEL construction bosses are targeting the growing multi-storey residential sector in an effort to offset the dwindling office development market in London.
According to figures released by the British Constructional Steelwork Association (BCSA) fabricators and contractors have already exceeded last year's output to the residential sector after just six months.
Derek Tordoff, BCSA director general, expected to grow to around 120,000 tonnes per annum over the next few years from just 12,500 tonnes last year.
He said: 'There has been a dramatic growth in the multi-storey residential market as a whole and we see no reason why the steel sector cannot take an increased share of the market.'
Mr Tordoff claimed that commercial property developers were using their experience of working with steel to tap into the residential sector.
He said: 'They have learnt the benefits of building in steel from the commercial office sector and are applying those to residential developments. We want to take some of the market from reinforced concrete.'