Steel and heavy equipment manufacturing, consultants and usage, JCB'S, tractors etc The UK still manufactures steel, though it is now one of the smaller producers in the world. In 1945, there were 50 steelworks in Ebbw Vale in South Wales. By 1970, there were just seven. There is only one steel manufacturing company in the UK now. Corus was formed in 1999, following the merger of British Steel with a Dutch company. Steel manufacturing in the UK has been consolidated into three sites at Port Talbot, Scunthorpe and Teesside, and redundancies have continued in recent years. The UK’s steel industry is presently quite healthy.