Steel Company of Wales
Encyclopedia
The Steel Company of Wales Ltd was a Welsh steel and tinplate producer. It was formed in 1947 and absorbed into British Steel
in 1967. The business now forms part of Corus
, a subsidiary of Tata Steel
.
The company led the restructuring of the steel and tinplate industries around Swansea
and Llanelli
, building the Abbey Steelworks at Margam
and new tinplate works at Trostre and Velindre. Trostre came into production in 1951 and Velindre in 1956.
The company 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
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 business now forms part of Corus
Corus Group
Tata Steel Europe is a multinational steel-making company headquartered in London, United Kingdom. It is the second-largest steel-maker in Europe and is a subsidiary of Tata Steel of India, one of the ten largest steel producers in the world.Corus Group was formed through the merger of Koninklijke...
, a subsidiary of Tata Steel
Tata Steel
Tata Steel is a multinational steel company headquartered in Jamshedpur, India and part of Tata Group. It is the world's seventh-largest steel company, with an annual crude steel capacity of 31 million tonnes, and the largest private-sector steel company in India measured by domestic production...
.
The company led the restructuring of the steel and tinplate industries around Swansea
Swansea
Swansea is a coastal city and county in Wales. Swansea is in the historic county boundaries of Glamorgan. Situated on the sandy South West Wales coast, the county area includes the Gower Peninsula and the Lliw uplands...
and Llanelli
Llanelli
Llanelli , the largest town in both the county of Carmarthenshire and the preserved county of Dyfed , Wales, sits on the Loughor estuary on the West Wales coast, approximately west-north-west of Swansea and south-east of the county town, Carmarthen. The town is famous for its proud rugby...
, building the Abbey Steelworks at Margam
Margam
Margam is a suburb of Port Talbot in the Welsh county borough of Neath Port Talbot, Wales, close to junction 39 of the M4 motorway.- History :...
and new tinplate works at Trostre and Velindre. Trostre came into production in 1951 and Velindre in 1956.
The company 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.