H. Yoo
Research expert covering South Korea
Steel industry in the UK - statistics & facts
The history of the British steel industry dates back to the 17th century when small-scale steel production was established. Until the 20th century, Britain emerged as a global leader in steel production, owing to the industrial revaluation initiated in the country and the start of large-scale steel production. However, the country's steel industry has been experiencing a decline in production capacity and dominance in the global market. At present, other steel-producing countries, such as China, dominate the global steel market.
