| Act of Parliament | |
 | |
| Long title | An Act to provide for the establishment of an Iron and Steel Corporation of Great Britain and for defining their functions, and for the transfer to that Corporation of the securities of certain companies engaged in the working, getting and smelting of iron ore, the production of steel, and the shaping of steel by rolling, and of certain property and rights held by a Minister of the Crown or Government department; for the licensing of persons engaged in any such activities; for co-ordinating the activities of the Corporation, the National Coal Board and the Area Gas Boards relating to carbonisation; and for purposes connected with the matters aforesaid. |
|---|---|
| Citation | 12, 13 & 14 Geo. 6. c. 72 |
| Territorial extent | Great Britain |
| Dates | |
| Royal assent | 24 November 1949 |
| Commencement | 23 October 1950 |
| Repealed | 14 May 1953 |
| Other legislation | |
| Repealed by | Iron and Steel Act 1953 |
Status: Repealed | |
The Iron and Steel Act 1949 (12, 13 & 14 Geo. 6. c. 72) was an act of the Parliament of the United Kingdom which nationalised, or bought into state control, elements of the iron and steel industry in Great Britain. It established an Iron and Steel Corporation which acquired certain iron and steel companies. In a departure from earlier nationalisations the Corporation only acquired the share capital of the companies, not the undertakings themselves. The individual companies continued to operate under management Boards appointed by the corporation. The Iron and Steel Act 1949 was one of a number of acts promulgated by the post-war Labour government to nationalise elements of the UK's industrial infrastructure; other acts include the Coal Industry Nationalisation Act 1946; the Electricity Act 1947; Transport Act 1947 (railways and long-distance road haulage); and the Gas Act 1948.