Last modified: 2019-10-23 by rob raeside
Keywords: british steel corporation |
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British Steel plc., London - blue flag, two white steel bars, bent so that one
can read a "B" or an "S".
Source: Loughran (1995)
Jarig Bakker, 28 November 2005
"British Steel Limited is a long steel products business founded in 2016
with assets acquired from Tata Steel Europe (formerly known as Corus) by
Greybull Capital (official website http://greybull.co.uk).
The lineage of the company dates back as far as March 22,1967 when "the ‘Iron and Steel Act’ brought into public ownership about 90% of British Steelmaking. The country's non-integrated steelmaking and re-rolling companies, including half of the specialised steel
production facilities were left in the private sector with a number of small companies. On July 28, 1967 BSC (British Steel Corporation) was formed from the UK's 14 main steel producing companies" including Vickers Armstrong (see message #226790).
"The British Steel Act 1988 transferred the assets of the Corporation to British Steel, a company registered under the Companies Act and on December 5, 1988, dealings in shares opened at The Stock Exchange. In 1999, Corus was formed through the merger of British Steel and Koninklijke Hoogovens on October 6, 1999. On January 31, 2007 Tata Steel bought Corus which became Tata Steel in Europe. The company rebranded to Tata Steel in 2010. Finally, on June 1, 2016 Greybull Capital purchased Tata Steel in Europe’s Long Products Europe business. This new business, comprised of sections, special profiles and wire rod manufacturing across the UK and rail manufacturing across the UK and France was named British Steel.
The flag is the logo towards the hoist over a blue horizontal flag, with the name in white letters, as seen here:
For additional information go to British Steel (official website): http://www.britishsteel.co.uk/
Esteban Rivera, 17 September 2019