ChatterBank24 mins ago
Re/ The Uk's Steel Industry & Many More
22 Answers
Has this Government and previous Idiots sold this country out?
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For more on marking an answer as the "Best Answer", please visit our FAQ.You have to think 'How long can it last when the Steel plant is losing over £1,000,000 a day!!!
There is NO possibility of the price of Steel going up to a level where we can produce it in the UK at even a ' break even' price in the foreseeable future.
We 'sold out' years ago, we sold the entire UK Steel industry to the Indian company Tata at under cost price !!!! Now they can't sustain the loss any further so they are pulling out.
You can't fight market forces !
There is NO possibility of the price of Steel going up to a level where we can produce it in the UK at even a ' break even' price in the foreseeable future.
We 'sold out' years ago, we sold the entire UK Steel industry to the Indian company Tata at under cost price !!!! Now they can't sustain the loss any further so they are pulling out.
You can't fight market forces !
My grandfather spent all of his working life at the Consett Iron Company. My father did his apprenticeship there and then his entire career in the steel industry.
For them it was the iron and steel industry, for others it was coal mining or ship building or any of the numerous manufacturing industries this once great producing nation had to offer.
Almost nothing left now. As we in the north might say 'Tata' for now and evermore.
For them it was the iron and steel industry, for others it was coal mining or ship building or any of the numerous manufacturing industries this once great producing nation had to offer.
Almost nothing left now. As we in the north might say 'Tata' for now and evermore.
The British steel industry was dead many, many years ago. When I moved to Sheffield (a city which, after all, has had a proud historical association with steel) FORTY-FIVE YEARS AGO, all of the 'ordinary' steel mills in the city had already been closed down. Only certain 'specialist' steels were still being made in the city (and in neighbouring Rotherham). The closures had come about through both a lack of demand for the types of steel made by those steel works and through competition from overseas (with more modern plants and lower labour costs).
Governments of both political colours had, quite rightly, recognised that there was no point trying to save uneconomic plants and hopefully, as the last remnant's of the UK steel industry breath their dying breaths many, many years after they should have done so, the current government will also follow the same line.
Governments of both political colours had, quite rightly, recognised that there was no point trying to save uneconomic plants and hopefully, as the last remnant's of the UK steel industry breath their dying breaths many, many years after they should have done so, the current government will also follow the same line.
About four hours to wait before the out come of the meeting in Mumbai is announced.
http:// www.wal esonlin e.co.uk /news/w ales-ne ws/live -update s-tata- steel-b oard-11 105253
http://
28 is over 18 ;-)
A country needs to decide whether a particular industry is important to keep going for the benefit of the country or whether it is acceptable to rely on a foreign nation to supply the country's needs. If not planning to export the global price is less critical and should be compared to the cost of having one's supply suddenly lost. The obsession with cost & efficiency tends to blind some political ideologies to such considerations.
I was surprised when Tata bought the plants. It did occur to me that they might be expecting continual taxpayer aid as some sell-offs get, or maybe were removing a rival from the market. Unusually it now seems to be the poor decision it appeared to be at the time.
Meanwhile the UK government has to reconsider the past government's decision to wash its hands of the industry. Does it think a country needs a secure supply for industry or does it risk closing plants and relying on cheap suppliers elsewhere in the hope they can restart the industry quickly if things change on the global market ? Some industries require a lot of time, effort, cost to start and are only feasible when kept going continually. I'm not a stell industry expert but suspect it is such an industry.
IMO it is important that a country isn't so reliant on others who, naturally, will put their own needs first. The sell off was ill advised. Any savings not worth the risks.
Luckily I'm informed we are not in the economic doldrums any more due to our brilliant chancellor taking us rapidly out of recession, so we must have loads in the national kitty to nationalise the industry with and secure the situation.
A country needs to decide whether a particular industry is important to keep going for the benefit of the country or whether it is acceptable to rely on a foreign nation to supply the country's needs. If not planning to export the global price is less critical and should be compared to the cost of having one's supply suddenly lost. The obsession with cost & efficiency tends to blind some political ideologies to such considerations.
I was surprised when Tata bought the plants. It did occur to me that they might be expecting continual taxpayer aid as some sell-offs get, or maybe were removing a rival from the market. Unusually it now seems to be the poor decision it appeared to be at the time.
Meanwhile the UK government has to reconsider the past government's decision to wash its hands of the industry. Does it think a country needs a secure supply for industry or does it risk closing plants and relying on cheap suppliers elsewhere in the hope they can restart the industry quickly if things change on the global market ? Some industries require a lot of time, effort, cost to start and are only feasible when kept going continually. I'm not a stell industry expert but suspect it is such an industry.
IMO it is important that a country isn't so reliant on others who, naturally, will put their own needs first. The sell off was ill advised. Any savings not worth the risks.
Luckily I'm informed we are not in the economic doldrums any more due to our brilliant chancellor taking us rapidly out of recession, so we must have loads in the national kitty to nationalise the industry with and secure the situation.
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