asked the Secretary of State for Industry how many pricing base points will be allowed to the British Steel Corporation under EEC regulations; and where these base points will be located in Scotland, Wales, and England.
The basing point price system was introduced for Treaty of Paris products by all iron and steel producers in the United Kingdom on 30th April 1973. The British Steel Corporation selected 12 basing points, after consultation with its customers, and these were accepted by the Commission of the European Communities. The points are as follows:
- Glasgow Central, Scotland
- Hawarden Bridge, Clwyd, Wales
- Newport, Gwent, Wales
- Sheffield, Midland
Full details of products, and the basing points from which they are available, are published by the BSC in its price lists. The corporation has no plans to change its present basing points.