British Steel

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British Steel was a large British steel producer, consisting of the assets of former private companies which had been nationalised, largely under the Labour Party government of Harold Wilson (1964-1970).

In 1971 they sponsored Sir Chay Blyth in his record-making non-stop circumnavigation against the winds and currents, known as 'The Impossible Voyage'. In 1992 they sponsored the British Steel Challenge, the first of a series of 'wrong way' races for amateur crews.

It was privatised in 1988 under the Conservative government of Margaret Thatcher. It merged with the Dutch steel producer Koninklijke Hoogovens to form Corus Group on 6 October 1999. [1]

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