He suggests that entrepreneurship was lacking in the 1940s; the government could not persuade the industry to upgrade its plants.
For generations, the industry had followed a piecemeal growth pattern that proved relatively inefficient in the face of world competition. The Labour Party came to power at the 1945 general election, pledging to bring several industries into state ownership.
In 1946, it put the first steel development plan into practice with the aim of increasing capacity.
American Marshall Plan aid in 1948–50 reinforced modernisation efforts and provided funding for them.
It passed the Iron and Steel Act 1949, which meant nationalisation of the industry, as the government bought out the shareholders, and created the Iron and Steel Corporation of Great Britain.
However, the nationalisation was reversed by the Conservative government after 1952. The industry was re-nationalised in 1967 under another Labour government, becoming British Steel Corporation (BSC).
It originated from the nationalised British Steel Corporation (BSC), formed in 1967, which was privatised as a public limited company, British Steel plc, in 1988.
However, the nationalisation was reversed by the Conservative government after 1952. The industry was re-nationalised in 1967 under another Labour government, becoming British Steel Corporation (BSC).
Under private control, the company dramatically cut its workforce and underwent a radical reorganisation and massive capital investment to again become competitive in the world marketplace. === Nationalisation === BSC was formed from the assets of former private companies which had been nationalised, largely under the Labour government of Harold Wilson, on 28 July 1967.
Politics and Steel in Britain, 1967–1988: The Life and Times of the British Steel Corporation (1990) Rhodes, Martin; Wright, Vincent.
By the 1970s, the government adopted a policy of keeping employment high in the declining industry.
During the strike the "Battle of Orgreave" took place at British Steel's coking plant. == Sponsorships == In 1971 British Steel sponsored Sir Chay Blyth in his record-making non-stop circumnavigation against the winds and currents, known as 'The Impossible Voyage'.
"The European Steel Unions and the Steel Crisis, 1974–84: A Study in the Demise of Traditional Unionism," British Journal of Political Science, April 1988, Vol.
This policy continued following the Conservative victory at the 1979 general election.
In the 1980s, Conservative Prime Minister Margaret Thatcher re-privatised BSC as British Steel.
It originated from the nationalised British Steel Corporation (BSC), formed in 1967, which was privatised as a public limited company, British Steel plc, in 1988.
"The European Steel Unions and the Steel Crisis, 1974–84: A Study in the Demise of Traditional Unionism," British Journal of Political Science, April 1988, Vol.
In 1992 they sponsored the British Steel Challenge, the first of a series of 'wrong way' races for amateur crews. British Steel had agreed a sponsorship deal with Middlesbrough Football Club during the 1994–95 season, with a view to British Steel-sponsored Middlesbrough shirts making their appearance the following season.
In 1992 they sponsored the British Steel Challenge, the first of a series of 'wrong way' races for amateur crews. British Steel had agreed a sponsorship deal with Middlesbrough Football Club during the 1994–95 season, with a view to British Steel-sponsored Middlesbrough shirts making their appearance the following season.
Demolition of the site's landmark blue gasometer in 1996, and the subsequent cleanup operation, has created the largest brownfield site in Europe.
The company merged with Koninklijke Hoogovens to form Corus Group in 1999. == History == Alasdair M.
Corus itself was taken over in March 2007 by the Indian steel operator Tata Steel. == Chairmen == Julian, Lord Melchett (1967–1973) Monty Finniston (1973–1976) Charles Villiers (1976–1980) Ian MacGregor (1980–1983) Robert Haslam (1983–1986) Robert Scholey (1986–1992) Sir Brian Moffat (1992-1999) Ian MacGregor later became famous for his role as Chairman of the National Coal Board during the UK miners' strike (1984–1985).
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