Bazooka Joe Posted March 30, 2016 Report Share Posted March 30, 2016 Government aren't interested in steel, as far as they're concerned you can get a job behind a supermarket till while they concentrate on city jobs for the boys. Looking after what we call skilled blokes (and they call riff raff) just gets in the way of their real interests. Up ours the governments answer to closing the steel works was half a dozen factory estates, hoping to attract new business into the area after the shut down... 36yrs later a good few have the same sign on that they had when built... "To let"... the same will happen at Port Talbot, the government aren't interested. Quote Link to comment Share on other sites More sharing options...
MonkeyKong Posted March 31, 2016 Report Share Posted March 31, 2016 (edited) The plant is losing £1m a day. The Goofy idiot of an ex Labour leader introduced stupidly high energy tariffs. The EU slapped a 24% anti dumping tariff on imported chinese steel, the US slapped a 224% tariff. Exactly. Having observed just how **** Chinese metallurgy is, I'm also concerned that if we let our steel industry die (which seems to be what our political class are happy to let happen) we'll then be stuck using cheap, ****** Chinese steel which has all the structural integrity of nougat. And I'll bet that the prices they'll be selling it at then won't be below market value. Edited March 31, 2016 by MonkeyKong Quote Link to comment Share on other sites More sharing options...
Vince Green Posted March 31, 2016 Report Share Posted March 31, 2016 The Chinese steel is all recycled scrap. They have been buying up all the world's scrap for more than a decade now. Its like a game of monopoly, first they buy all our scrap then they bankrupt our steel industry. Next they will put the prices back up and make our other industries uncompetitive. In business there is only one reason for selling anything at below the market rate and that is to shaft the competition Quote Link to comment Share on other sites More sharing options...
keg Posted March 31, 2016 Report Share Posted March 31, 2016 Pretty much like Samsung is doing in electronics. Quote Link to comment Share on other sites More sharing options...
MonkeyKong Posted March 31, 2016 Report Share Posted March 31, 2016 The Chinese steel is all recycled scrap. They have been buying up all the world's scrap for more than a decade now. I didn't know that. That explains a lot. Quote Link to comment Share on other sites More sharing options...
rjimmer Posted March 31, 2016 Report Share Posted March 31, 2016 The Government should be able to buy it for about 87p, and keep it ticking over until one of their friends is willing to buy it. That chap that owns Ineos perhaps. Quote Link to comment Share on other sites More sharing options...
rodp Posted March 31, 2016 Report Share Posted March 31, 2016 The Chinese steel is all recycled scrap. They have been buying up all the world's scrap for more than a decade now. Its like a game of monopoly, first they buy all our scrap then they bankrupt our steel industry. Next they will put the prices back up and make our other industries uncompetitive. In business there is only one reason for selling anything at below the market rate and that is to shaft the competition Were I believe ? Isn't the reason scrap price has plummeted the fact the Chinese have stopped buying? Quote Link to comment Share on other sites More sharing options...
rjimmer Posted March 31, 2016 Report Share Posted March 31, 2016 I think AGA cookers used to be made from Russian scrap iron. Quote Link to comment Share on other sites More sharing options...
Scully Posted March 31, 2016 Report Share Posted March 31, 2016 Mm, not a nice feeling. Happened to me nigh on 20 years ago after just taking on a mortgage and a baby on the way. Caused a few sleepless nights. Quote Link to comment Share on other sites More sharing options...
chris1961 Posted March 31, 2016 Report Share Posted March 31, 2016 Its like early 80s again pits all closed community's went to pot and all because of cheap subsidies on foreign imports with coal it was cheap German coal here we go again Quote Link to comment Share on other sites More sharing options...
rodp Posted March 31, 2016 Report Share Posted March 31, 2016 Government will do nothing though to upset the Chinese. Doesn't China have a lot of dealings with the city, big money going through it. Then there's JLR who sell loads of vehicles to China, and happen to be an Indian company with big money in the city (Tata's big money is in banking / finance. Steel and JLR is just a sideline) Quote Link to comment Share on other sites More sharing options...
kennym Posted March 31, 2016 Report Share Posted March 31, 2016 (edited) actually this is not correct scrap is used in all steel production, in both BOS and electric arc,... End analysis is the key issue and an area in which Chinese steel does suffer I didn't know that. That explains a lot. Edited March 31, 2016 by kennym Quote Link to comment Share on other sites More sharing options...
AVB Posted March 31, 2016 Report Share Posted March 31, 2016 Government will do nothing though to upset the Chinese. Doesn't China have a lot of dealings with the city, big money going through it. Then there's JLR who sell loads of vehicles to China, and happen to be an Indian company with big money in the city (Tata's big money is in banking / finance. Steel and JLR is just a sideline) Tata are big in many manufacturing industries across the globe. If anything finance is a sideline for them. Quote Link to comment Share on other sites More sharing options...
rodp Posted March 31, 2016 Report Share Posted March 31, 2016 Consultancy, which (apparently) includes financing different ventures. ? Quote Link to comment Share on other sites More sharing options...
krugerandsmith Posted March 31, 2016 Report Share Posted March 31, 2016 We could compete if we subsidised it illegally like the Germans so blatantly do! Very true. .... Works loosing £1 million a day ... so they say.... Answer take £1 million out of the £55 million a day we pay to the EU. Quote Link to comment Share on other sites More sharing options...
jonny thomas Posted March 31, 2016 Report Share Posted March 31, 2016 If we stopped foreign aid to India (a country with a space programme ) Would that be enough of a saving to buy a steel manufacturer Bit simplistic but hey ho Quote Link to comment Share on other sites More sharing options...
vole Posted March 31, 2016 Report Share Posted March 31, 2016 The government had lost the plot of late . EU negotiation pantomime ,Doctors strike , they need a big positive now and that should be sparing this once great nation the embarrassment of being without a steel producer . We are building 2 x 60k ton carriers ,are we not duty bound to build them from UK steel ? Was looking on my night shift at the ships ,aircraft etc this country built up until the late 70s when production was ponced overseas leaving us producing Nissan Micras .The Indian navy using our aircraft carriers when we have not one .We had massive production capacity 2nd only to the U.S. We used to lead the way in innovation. Some people are doing nicely because of this prostitution of our industry but it is not the people of Port Talbot . Quote Link to comment Share on other sites More sharing options...
rodp Posted March 31, 2016 Report Share Posted March 31, 2016 Any guesses who it is, or what city they're based in ? Quote Link to comment Share on other sites More sharing options...
keg Posted March 31, 2016 Report Share Posted March 31, 2016 Junior Kinnock has now started sticking his nose in. Not heard a lot of him until now. His father made Labour unelectable, he was parachuted into the seat. He has achieved what so far? Job on a plate, marriage to the PM of Denmark and never had a proper job. Little Red Prince like Mandleson Quote Link to comment Share on other sites More sharing options...
Scully Posted March 31, 2016 Report Share Posted March 31, 2016 Ministers make all manner of encouraging noises with promises of 'doing all we can' at times like this. David McClean did likewise when we were all made redundant but beyond talking nothing was done. He was one of the ministers who subsequently voted against the public declaration of MP's expenses, which in his case included a quad bike for getting around his land as he claimed he had a disability. They're nice people. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted March 31, 2016 Report Share Posted March 31, 2016 (edited) I'm no socialist but the choice seems pretty clear to me, pay them to sit on the dole for generations or use the same amount of money to prop up the Steel Industry and save the country the cost of buying steel from abroad. Jonny Thomas was dead right with his post about cutting aid to India http://www.dailymail.co.uk/news/article-2255838/How-money-squandered-foreign-aid.html Edited March 31, 2016 by Vince Green Quote Link to comment Share on other sites More sharing options...
AVB Posted March 31, 2016 Report Share Posted March 31, 2016 Consultancy, which (apparently) includes financing different ventures. ? TCS are the technology outsource arm of Tata. They service many different types of industries in many countries. Quote Link to comment Share on other sites More sharing options...
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