Consett Iron Company
Encyclopedia
The Consett Iron Company Ltd was a major United Kingdom
industrial undertaking based in the Consett
area of County Durham
. The company traded as colliery and limestone quarry owners and iron and steel manufacturers. The company was registered on 4 April 1864 as successor to the Derwent & Consett Iron Company Ltd. This in turn was the successor to the Derwent Iron Company, founded in 1840. The Consett Iron Company was absorbed into British Steel
in 1967.
The company’s seven collieries and various coke ovens passed to the National Coal Board
on nationalisation in 1947. The Consett Iron Company itself was nationalised in 1951, becoming part of the Iron and Steel Corporation of Great Britain
, was denationalised shortly afterwards, and renationalised in 1967.
British Steel Consett Works was closed in 1980 by the Thatcher government as part of its neoliberal rationalisation plan, and its works were subsequently removed from the landscape.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
industrial undertaking based in the Consett
Consett
Consett is a town in the northwest of County Durham, England, about southwest of Newcastle upon Tyne. It is home to 27,394 .Consett sits high on the edge of the Pennines. In 1841, it was a village community of only 145, but it was about to become a boom town: below the ground was coking coal and...
area of County Durham
County Durham
County Durham is a ceremonial county and unitary district in north east England. The county town is Durham. The largest settlement in the ceremonial county is the town of Darlington...
. The company traded as colliery and limestone quarry owners and iron and steel manufacturers. The company was registered on 4 April 1864 as successor to the Derwent & Consett Iron Company Ltd. This in turn was the successor to the Derwent Iron Company, founded in 1840. The Consett Iron Company was absorbed into British Steel
British Steel
British Steel was a major British steel producer. It originated as a nationalised industry, the British Steel Corporation , formed in 1967. This was converted to a public limited company, British Steel PLC, and privatised in 1988. It was once a constituent of the FTSE 100 Index...
in 1967.
The company’s seven collieries and various coke ovens passed to the National Coal Board
National Coal Board
The National Coal Board was the statutory corporation created to run the nationalised coal mining industry in the United Kingdom. Set up under the Coal Industry Nationalisation Act 1946, it took over the mines on "vesting day", 1 January 1947...
on nationalisation in 1947. The Consett Iron Company itself was nationalised in 1951, becoming part of the Iron and Steel Corporation of Great Britain
Iron and Steel Corporation of Great Britain
The Iron and Steel Corporation of Great Britain was a nationalised industry, set up in 1949 by Clement Attlee's Labour government.The Iron & Steel Act 1949 took effect on 15 February 1951, the Corporation becoming the sole shareholder of 80 of the principal iron and steel companies...
, was denationalised shortly afterwards, and renationalised in 1967.
British Steel Consett Works was closed in 1980 by the Thatcher government as part of its neoliberal rationalisation plan, and its works were subsequently removed from the landscape.