15K views · 343 reactions | Steel making Process #metallurgy #steelmaking | Metallurgical engineering | Facebook

At its peak more than 40% of the world's #steel came from the UK, but after WWII - investment slumped. British Steel - went in and out of government ownership...until Margaret Thatcher's Government eventually privatised the entire business. Today it's China that leads the way, producing half of all the world's steel, but their economy is slowing - and that means they're using less steel. But Britain can't compete on price... the value of the pound makes it more expensive to sell our goods abroad