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According to Blair ( 1997 ) British Steel faced serious problems at the time of its formation, including obsolescent plants ; plants operating under capacity and thus at low efficiency ; outdated technology ; price controls that reduced marketing flexibility ; soaring coal and oil costs ; lack of capital investment funds ; and increasing competition on the world market.
By the 1970s the government adopted a policy of keeping employment artificially high in the declining industry.
This especially impacted BSC since it was a major employer in a number of depressed regions.

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