Why did imports of British steel lesser during Word War 1
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Answer:
The First World War caused an immense dislocation of the iron and steel industry along with a massive demand for iron and steel products. The demand naturally led to expansions, but not all were technically sound or well located. Demands of war also caused amalgamations and cooperative ventures between privately owned iron and steel companies. Due to shortages and the competing demands of the Ministry of Munitions, the Admiralty and others, the Government was forced to impose controls on both steel prices and distribution. During the war there was some apprehension about future demand versus capacity and the possibility of financial problems.
At the end of the war hundreds of privately owned firms existed, but the greater proportion of production lay in the hands of a small number, and there was very large potential to over supply the peacetime market. There was also the possibility that the structure, locations and technical ability of the industry might not be as good as it would need to be to face peacetime competition.
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