How 150-year-old steel trade finally discovered China was the enemy it couldn't beat - News Summed Up

How 150-year-old steel trade finally discovered China was the enemy it couldn't beat


AdvertisementBritain's once mighty steel industry has seemingly entered its final death throes with British Steel entering liquidation. In 1967, 90% of the steel industry was nationalised by Harold Wilson's Labour government and British Steel was created out of 14 separate companies. According to the 1971 employment census, 323,000 people were steel workers - 1.5% of all those employed. Pictured left: A worker cleaning new carving knife blades during the abrasive process that follows knife grinding at a Sheffield steel factory, November 1959. In 1999 British Steel and the Dutch steel-maker Koninklijke Hoogovens merged, creating the Corus Group.


Source: Daily Mail May 22, 2019 15:50 UTC



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