Steel in a Mixed Economy

Aubrey Silberston
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Aubrey Silberston: University of London

from Palgrave Macmillan

Abstract: Abstract It is perhaps natural to think of the British steel industry as being more or less wholly nationalised. In fact the whole of the steel industry was not nationalised in 1967. The private sector was powerful then, and is even more powerful today, especially in the wake of the strike in the British Steel Corporation (the nationalised sector) in the first three months of 1980. In addition, imports of steel have never been controlled, so that both public and private steel-makers have been subject to foreign competition. Controls have been placed only on foreign trade in steel scrap, and these controls (when in force) affect both sectors of the steel industry. The steel sector is as mixed in nature, therefore, as the economy as a whole.

Keywords: Private Sector; Finished Steel; Steel Sector; Steel Scrap; Special Steel (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07419-8_5

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DOI: 10.1007/978-1-349-07419-8_5

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