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British steel facing administration


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10 minutes ago, ANGELFIRE1 said:

In a word yes. While we pander to the EU and the environmentalists and have to pay a ransom to make our steel, the Chinese have no regard for this tax we pay at all. Their steel is made using coal as the primary power supply as well I believe. They are flooding the market with "cheap" made steel and we cannot compete.

 

As the Government paid lord knows how many billions to keep the banks alive, surely they can pay a hundred million or so to keep our steel making alive.

 

Close ALL our steelmakers down, and in the event of another war ever happening, where will our steel come from, - a steel tree.

 

Angel1.

 You could do what our forefathers did prior to Operation Overlord, put inflatable tanks and aeroplanes etc. in fields all over Southern England, that'll deter anyone who wants to invade .  lol. 

 Seriously though, I didn't realise Thatcher had left any Nationalised industries still standing, in fact, it was one of the reasons that I sought work abroad in 1980/1, I had an inkling as to what was coming.

Edited by Ontarian1981
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1 hour ago, bassett one said:

the tory goverment will only be happy once they are all closed and finish what maggie thatcher started

What a pile of crap.

 

British Steel Limited was formed in 2016 - 3 Years after Margaret Thather died and 26 years after she was in power. 

 

How much longer are dinosaur industries and luddite employees who fail to  evolve going to keep blaming the government for their own failures.

 

Tata Steel saw the signs.   They saw the way the world was moving .  The saw the way us consumers were demanding cheaper and cheaper goods which in turn meant a search for cheaper and cheaper raw materials.

 

Its business.   You adapt or you die.

 

I see Labour's latest election gimmick is "nationalise".   What with Corbyn?    Brass Washers?    What exactly is the moron going to do with all this steel production that nobody wants and prices that nobody is prepared to pay. 

 

The days of mass production are gone in this country.   Small, specialised, bespoke is the future.   I say again, you adapt or die.

Edited by ECCOnoob
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1 hour ago, ANGELFIRE1 said:

In a word yes. While we pander to the EU and the environmentalists and have to pay a ransom to make our steel, the Chinese have no regard for this tax we pay at all.

So how come other EU countries like Germany, Italy, Spain, France, Poland and Belgium produce more steel than us - presumably they have to pay the carbon credits as well.

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1 hour ago, Yeah but said:

They should if what they produce is vital for the national interest; British infrastructure, tanks and warships etc should be built from British steel. I know we're moving away from steel to other more modern materials nowadays but my point stands.

Your view is already being enacted upon. Scunthorpe is not considered to be nationally strategic. 

 

Meanwhile, Sheffield Forgemasters is and has been financially supported. 

 

Therefore, Scunthorpe should be allowed to collapse. It is of no national value. 

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3 hours ago, Yeah but said:

They should if what they produce is vital for the national interest; British infrastructure, tanks and warships etc should be built from British steel. I know we're moving away from steel to other more modern materials nowadays but my point stands.

We should do something to keep them going, be their guarantor perhaps; failing that, do what the last owner of British Steel did and allow them to go bust and buy it for £1

British Steel in state ownership, Corbyn will be jealous, it will cost him way more than £1 for the National Grid.

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12 minutes ago, apelike said:

Has it? I though the government withdrew it financial support in loans?

Sheffield Forgemasters has had a loan agreement brokered by the government with Rolls-Royce, Babcocks and BAEs underwriting the loan from US bank Wells Fargo. 

 

Scunthorpe will not get this treatment. 

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2 hours ago, ECCOnoob said:

What a pile of crap.

 

British Steel Limited was formed in 2016 - 3 Years after Margaret Thather died and 26 years after she was in power. 

 

How much longer are dinosaur industries and luddite employees who fail to  evolve going to keep blaming the government for their own failures.

 

Tata Steel saw the signs.   They saw the way the world was moving .  The saw the way us consumers were demanding cheaper and cheaper goods which in turn meant a search for cheaper and cheaper raw materials.

 

Its business.   You adapt or you die.

 

I see Labour's latest election gimmick is "nationalise".   What with Corbyn?    Brass Washers?    What exactly is the moron going to do with all this steel production that nobody wants and prices that nobody is prepared to pay. 

 

The days of mass production are gone in this country.   Small, specialised, bespoke is the future.   I say again, you adapt or die.

If we are demanding cheaper goods how can specialised bespoke be the future?

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9 minutes ago, ez8004 said:

Sheffield Forgemasters has had a loan agreement brokered by the government with Rolls-Royce, Babcocks and BAEs underwriting the loan from US bank Wells Fargo. 

So the deal has only been brokered (arranged) by the government but it has not received any money from the government then?

 

Edited by apelike
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