The future of steel in Britain

Posted on 24 Mar 2017 by Malcolm Wheatley

It’s a core industry, invented in the UK, but the story is one of decline and contraction. As the government starts talking industrial strategy and Brexit nears, how can we create a viable and profitable steel-producing sector? Malcolm Wheatley examines the challenges, options and opportunities.

In 1971, the UK’s steel industry directly employed 320,000 people. Today, that figure is around 18,000. Put another way, for every job that still exists, almost 18 have vanished. The decline, of course, is long-standing. In 1971, the UK’s steel industry directly employed 320,000 people. Today, that figure is around 18,000.…

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