British Steel

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British Steel company logo (1966-)

This article is about the company. For the Judas Priest album, see British Steel (album).

British Steel was a large British steel producer, consisting of the assets of former private companies which had been nationalised, largely under the Labour Party government of Harold Wilson (1964-1970).

In 1971, it sponsored Sir Chay Blyth in his record-making non-stop circumnavigation against the winds and currents, known as 'The Impossible Voyage'. In 1992 they sponsored the British Steel Challenge, the first of a series of 'wrong way' races for amateur crews.

It was privatised in 1988 under the Conservative government of Margaret Thatcher. It merged with the Dutch steel producer Koninklijke Hoogovens to form Corus Group on 6 October 1999.^[1] Corus itself was taken over in March 2007 by the Indian steel operator Tata Steel.

1 Incorporated companies
2 Change in the British steel industry
3 See also
4 References

[edit] Incorporated companies

Dowlais Ironworks
United Steel Companies Limited

[edit] Change in the British steel industry

With nationalisation in 1967 the Corby steel works was just one of those that came under the control of British Steel. From the mid-1970s the (loss-making) British Steel pursued a strategy of concentrating steelmaking in five areas: South Wales, South Yorkshire, Scunthorpe, Teesside and Scotland. This policy continued following the Conservative victory in the 1979 General Election. As a result Corby suffered and the early 1980s saw the loss of 11,000 jobs leading to an unemployment rate of over 30%[1].

Another town that suffered was Consett; the closure of the British Steel works in 1980 marked the end of steel production in the Derwent Valley and the decline of the areas.

In Scotland, Western Europe's largest hot strip steel mill at Ravenscraig, Motherwell, North Lanarkshire, was closed by British Steel in 1991, leading to huge unemployment in the area. It also led to the closure of several local support and satellite businesses, such as the nearby British Steel Clydesdale Works in Mossend, Clyde Alloy in Netherton and equipment maker Anderson Strathclyde. Demolition of the sites landmark blue gasometer in 1994, and the subsequent cleanup operation, has created the largest Brownfield site in Europe. This huge area between Motherwell and Wishaw is in line to be transformed into the new town of Ravenscraig, a project partly funded by Corus.

British Steel's chairman at one point was Ian MacGregor, who would become famous for his role at British Coal and the UK miners' strike (1984-1985). During the strike the "Battle of Orgreave" took place at British Steel's coking plant.