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The choice of fuel in the eighteenth‐century iron industry: the Coalbrookdale accounts reconsidered

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  • PETER KING

Abstract

Disquiet has remained over Hyde's conclusions as to the costs of coke-ironmaking in the early eighteenth century. A detailed re‐examination of the production costs at Coalbrookdale has confirmed his conclusions for pig iron, but not for bar iron. Coalbrookdale Forge was merely small and inefficient. Any technological difficulties in the use of coke pig iron in finery forges were overcome before 1728. However, the iron industry was depressed in the 1730s due to Russian bar iron imports. After the Swedes increased their prices from 1747, new Shropshire furnaces began making pig coke iron for forges in 1754.

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  • Peter King, 2011. "The choice of fuel in the eighteenth‐century iron industry: the Coalbrookdale accounts reconsidered," Economic History Review, Economic History Society, vol. 64(1), pages 132-156, February.
    • Handle: RePEc:bla:ehsrev:v:64:y:2011:i:1:p:132-156
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    File URL: http://hdl.handle.net/10.1111/j.1468-0289.2009.00517.x
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    1. G. Hammersley, 1973. "The Charcoal Iron Industry and its Fuel, 1540–1750," Economic History Review, Economic History Society, vol. 26(4), pages 593-613, November.
    2. Trevor Boyns & John Richard Edwards, 1997. "The Construction of Cost Accounting Systems in Britain to 1900: The Case of the Coal, Iron and Steel Industries," Business History, Taylor & Francis Journals, vol. 39(3), pages 1-29.
    3. repec:ucp:bkecon:9780226422534 is not listed on IDEAS
    4. Peter King, 2005. "The production and consumption of bar iron in early modern England and Wales," Economic History Review, Economic History Society, vol. 58(1), pages 1-33, February.
    5. Jones, Haydn, 1985. "Accounting, Costing, and Cost Estimation in Welsh Industry," University of Chicago Press Economics Books, University of Chicago Press, number 9780708308820, Febrero.
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    Cited by:

    1. Madureira, Nuno Luis, 2012. "The iron industry energy transition," Energy Policy, Elsevier, vol. 50(C), pages 24-34.

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