 | |
| Industry | Ironmaking |
|---|---|
| Founded | 1864 |
| Defunct | 1980 |
| Headquarters | Consett, County Durham |
| Products | Iron and steel |
| £673 million (1900) | |
| Owner | British Steel Corporation (1967) |
Number of employees | 6000 (1892) |
| Website | http://www.dmm.org.uk/company/c002.htm |
The Consett Iron Company Ltd was an industrial business based in the Consett area of County Durham in the United Kingdom. The company owned coal mines and limestone quarries, and manufactured iron and steel. It was registered on 4 April 1864 as successor to the Derwent & Consett Iron Company Ltd. This in turn was the successor to the Derwent Iron Company, founded in 1840.
The company's seven collieries and various coke ovens came into the ownership of the National Coal Board, when British coal companies were nationalised in 1947. The Consett Iron Company itself was nationalised in 1951, becoming part of the Iron and Steel Corporation of Great Britain. It was denationalised shortly afterwards, then renationalised in 1967. The Consett Iron Company was absorbed into British Steel Corporation in 1967, and the location became known as the Consett Steel Works. British Steel Consett Works was closed in 1980.