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Forgemasters so it begins?


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Sheffield produces more steel today than it ever has in its history

Forgemasters are also only the 3rd biggest steel company in the city behind Outokumpu and Firth Rixson/Alcoa

 

 

I don't think so is the polite answer to that. I dare not post what I actually think to it.

 

Angel1.

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I'm not sure what the situation is now...as you said,that article is 11 years old.. and "by value" doesn't mean "more"

 

I assumed it was saying that the steel was now specialist high grade stuff as opposed to run of the mill mild steel and stainless steel, and so the total money coming into Sheffield has gone up (in real terms).

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I assumed it was saying that the steel was now specialist high grade stuff as opposed to run of the mill mild steel and stainless steel, and so the total money coming into Sheffield has gone up (in real terms).

 

I don't think Sheffield manufactures any steel whatsoever in terms of making steel that didn't already exist. Any steel coming out of Sheffield these days is made by melting some steel that was brought in.

It is hardly surprising. We have import so many cars, ships and other goods made from foreign steel that the country is awash with the stuff. So all local steel production is made by melting Renaults or treating iron and steel manufactured elsewhere.

 

---------- Post added 20-01-2016 at 13:46 ----------

 

Obviously you didn't bother to even glance at the link, and you're unwilling to keep your hindsight in check for the sake of debating honesty. Hey-ho :|

 

By your logic, there would not have been any further investment into the oil industry after the Amoco Cadiz supertanker oil spill, nor into the nuclear industry after the Three Mile Island incident, nor <etc.> :rolleyes:

Aye, God forbid a private business would actually have to compete, because investments to diversify are always made with the aid of a fully-working and calibrated crystal ball and the benefit of 20/20 hindsight :rolleyes:

 

You know what? You're absolutely right foxy lady, and Sheffield should therefore stick with what "type" of economical activities, pricing and competition it knows, like mining ore, making steel out of it, and then cutting or stamping that into cutlery and cutting tools...

 

...oh wait :twisted:

 

You do like the quote what people didn't say don't you. If Forgemasters was such a safe as houses investment opportunity there wouldn't be a problem now. But it wasn't safe as houses as seen by the total decline of the entire sector in the UK. I don't think the world contemplated stopping using oil due to the Amoco Cadiz event, but they certainly stepped back from nuclear power after the Japanese melt down.

I'm pretty happy that the government actually looks into the economic possibilities before it hand out millions of pounds to a declining industry.

Edited by foxy lady
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I don't think Sheffield manufactures any steel whatsoever in terms of making steel that didn't already exist. Any steel coming out of Sheffield these days is made by melting some steel that was brought in.

It is hardly surprising. We have import so many cars, ships and other goods made from foreign steel that the country is awash with the stuff. So all local steel production is made by melting Renaults or treating iron and steel manufactured elsewhere.

 

Is there any iron ore mining in the UK? If not, then it all has to be imported.

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