Nationalisation
The end of Stewarts & Lloyds ownership ceased in 1967 when the steel industry was nationalised for the second time, and they became part of the British Steel Corporation.
Due to the high cost and low quality of local iron ore, steel production at Corby was set to close in November 1979. This was delayed until 21 May 1980, due to a national steel strike, when the last coil came off the mill. In nearly 40 years of steel production they had produced almost 2.5 million tons of steel. Tubemaking continues to this day, initially based on steel supplied from Teesside, and today Corus Tubes is the largest customer of steel from South Wales. Stewarts & Lloyds was formally dissolved in 1997.
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