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Steelyard facts for kids

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Souvenir of the British Exhibit in the Hall of Nations IPA Leipzig, May-September, 1930 (05)
A painting showing the Steelyard, a busy trading place in old London.
Arms of the Hanseatic League (c.1670)
The symbol of the Hanseatic League, a group of trading cities.

The Steelyard was a very important trading center in London a long time ago. It was the main base for a powerful group of merchants called the Hanseatic League. This group helped cities trade with each other across Europe. The Steelyard was active during the 1400s and 1500s. Its name comes from the Middle Low German word Stalhof.

Where Was the Steelyard Located?

London Steelyard 412
A special plaque at Cannon Street station marks where the Steelyard used to be.

The Steelyard was built on the north side of the River Thames in London. It was near where a small river, the Walbrook, flowed into the Thames. Today, this area is covered by Cannon Street station. You can still find a street nearby called Steelyard Passage, which reminds people of its history.

A City Within a City

The Steelyard was like a small, separate town. It had its own walls and everything the merchants needed to live and work. This included:

  • Warehouses right by the river for storing goods.
  • A special building to weigh goods accurately.
  • A chapel for worship.
  • Offices for managing money and deals.
  • A large hall for meetings and events.
  • Places to store cloth and wine.
  • Kitchens and homes for the merchants.

The German merchants also used a nearby church called All-Hallows-the-Great. They had special permissions, like not having to pay some taxes. This meant the Steelyard was almost like its own country. It followed the rules of the Hanseatic League, not always the rules of London.

Discovering the Past

In 1988, archaeologists found parts of the old Steelyard. This happened while they were working on Cannon Street Station. It was once the biggest trading complex from the Middle Ages in Britain.

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