1875
- Britain produced almost 40% if the worlds steel, which mainly came from Sheffield.
- Steel industry privatised by conservatives.
- Nationalised again by the Labour government.
- Steel production was at 29 million tonnes with employment at 325'000.
- Our steel industry was only 2nd to Germany.
- Privatised again by Margaret Thatcher. Which did not go down well by many.
- Production decreased to 12.5 million tonnes which meant we went down to producing only 0.7% of the worlds steel.
- Employment decreased to 30'00.
- Most of the steel production went overseas to China as manufacturing costs were cheaper and energy bills were cheaper.