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Economy of Sheffield


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rmal">Forgemasters, founded in 1805, is the sole remaining independent steel works in the world and dominates the north east of Sheffield around the Lower Don Valley. The firm has a global reputation for producing the largest and most complex steel forgings and castings and is certified to produce critical nuclear components, with recent projects including the Royal Navy's Astute class submarines. The firm also has the capacity for pouring the largest single ingot (570 tonnes) in Europe and is currently in the process of expanding its capabilities.

While iron and steel have long been the main industries of Sheffield, coal mining has also been a major industry, particularly in the outlying areas, and the Palace of Westminster in London was built using limestone from quarries in the nearby village of Anston. Other areas of employment include call centres, the City Council, universities and hospitals.

Sheffield is a major retail centre, and is home to many High Street and department stores as well as designer boutiques. The main shopping areas in the city centre are on The Moor precinct, Fargate, Orchard Square and the Devonshire Quarter. Department stores in the city centre include John Lewis, Marks and Spencer, Atkinsons and Debenhams. Sheffield's main market was onceCastle Market, built above the remains of the castle. This is due to be demolished by the end of 2014. Sheffield Moor market opened in 2013. Shopping areas outside the city centre include the Meadowhall shopping centre and retail park, Ecclesall Road, London Road, Hillsborough, Firth Park and the Crystal Peaks shopping centre. In a 2010 survey of forecast expenditure at retail centres in the United Kingdom, Meadowhall was ranked 12th and Sheffield City Centre 19th.

Sheffield has a District Energy system

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