Bail out Tata's UK Steel?
30 March 2016, 03:34 PM
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30 March 2016, 04:17 PM
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The British steel industry needs something a bit more immediate than that. Not sure if it's possible at since EU regulations limits state aid, but should it be re-nationalised, an industry that is making a £1m loss every day, a cost that the taxpayer will have to bear?
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30 March 2016, 05:15 PM
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Also, given the ciclical nature of the steel industry, a government buy out may not be a terrible idea.. What for the market to recover, then sell it?
30 March 2016, 05:16 PM
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30 March 2016, 11:16 PM
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Now this could be because the numbers you posted are specific to the steel industry, if so fair enough.
It would seem though that the German 'eco-tards' are even more effective than their UK equivalents.
30 March 2016, 11:29 PM
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Stupid green policies have been destroying industry in the UK (and most of the western world), we pay huge subsidies on crazy green projects that are unreliable and cant stand on their own feet. Huge waste of taxes, and it has driven energy prices sky high. Makes me laugh when the idiots from the press say its not possible to subsidize the steel industry when hundreds of millions are squandered on green garbage. Hopefully a huge wake up call to ditch idiotic green policies.
30 March 2016, 11:31 PM
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there is state aid to every uk company, actually that employs people with children, its called CHILD TAX CREDIT and without it i for one wouldn't bother working, £7.49 per plus ctc is still probably less than the £12.50 per hour to sit on your sofa with 3 kids and a rented house
30 March 2016, 11:37 PM
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Stupid green policies have been destroying industry in the UK (and most of the western world), we pay huge subsidies on crazy green projects that are unreliable and cant stand on their own feet. Huge waste of taxes, and it has driven energy prices sky high. Makes me laugh when the idiots from the press say its not possible to subsidize the steel industry when hundreds of millions are squandered on green garbage. Hopefully a huge wake up call to ditch idiotic green policies.
31 March 2016, 02:55 AM
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I just think if we import absolutely everything, from energy through to milk through to workers ,it leaves us vulnerable
Last edited by dpb; 31 March 2016 at 04:26 AM.
31 March 2016, 03:36 AM
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Hi,
If Tata can't make money out of their UK steel plants - who would possibly want to buy them?
I understand the big problem is the low import tariff imposed by the EU on Chinese imported steel - that is being sold (dumped) at below cost.
US don't allow dumping in their market - they have a near 300% duty on Chinese steel (they did something similar on Chinese solar panels).
The EU need to grow some ***** and increase the tariffs on Chinese steel - below cost dumping by China is effectively state sponsored economic terrorism - as it screws up local producers (once they go bust the Chinese can simply increase prices again).
Cheers
Steve
If Tata can't make money out of their UK steel plants - who would possibly want to buy them?
I understand the big problem is the low import tariff imposed by the EU on Chinese imported steel - that is being sold (dumped) at below cost.
US don't allow dumping in their market - they have a near 300% duty on Chinese steel (they did something similar on Chinese solar panels).
The EU need to grow some ***** and increase the tariffs on Chinese steel - below cost dumping by China is effectively state sponsored economic terrorism - as it screws up local producers (once they go bust the Chinese can simply increase prices again).
Cheers
Steve
31 March 2016, 04:13 AM
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Ah , but then we wouldn't get our power station built. ( apparently )
But I agree. Same in Zim, where girlfriend comes from. Not that Mugabe gives a toss
But I agree. Same in Zim, where girlfriend comes from. Not that Mugabe gives a toss
31 March 2016, 07:04 AM
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Not sure where your chart comes from, but it didnt feel right to me so I looked into this in detail, and it turns out that German industry pays a lot more for energy than UK industry.
Now this could be because the numbers you posted are specific to the steel industry, if so fair enough.
It would seem though that the German 'eco-tards' are even more effective than their UK equivalents.
Now this could be because the numbers you posted are specific to the steel industry, if so fair enough.
It would seem though that the German 'eco-tards' are even more effective than their UK equivalents.
Via a pseudoscience conspiracy site - "what's up with that" (WUWT) who peddle bat **** crazy ideas
WUWT often have articles denigrating "elitist" scientist - a recent example was by Melanie Phillips, she openly doubts vaccines and evolution - so dismissing AGW is pretty easy when you are a "crank magnet" and have your draft ideas repeated in theses ridiculous websites
Last edited by hodgy0_2; 31 March 2016 at 07:15 AM.
31 March 2016, 08:29 AM
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Hi,
If Tata can't make money out of their UK steel plants - who would possibly want to buy them?
I understand the big problem is the low import tariff imposed by the EU on Chinese imported steel - that is being sold (dumped) at below cost.
US don't allow dumping in their market - they have a near 300% duty on Chinese steel (they did something similar on Chinese solar panels).
The EU need to grow some ***** and increase the tariffs on Chinese steel - below cost dumping by China is effectively state sponsored economic terrorism - as it screws up local producers (once they go bust the Chinese can simply increase prices again).
Cheers
Steve
If Tata can't make money out of their UK steel plants - who would possibly want to buy them?
I understand the big problem is the low import tariff imposed by the EU on Chinese imported steel - that is being sold (dumped) at below cost.
US don't allow dumping in their market - they have a near 300% duty on Chinese steel (they did something similar on Chinese solar panels).
The EU need to grow some ***** and increase the tariffs on Chinese steel - below cost dumping by China is effectively state sponsored economic terrorism - as it screws up local producers (once they go bust the Chinese can simply increase prices again).
Cheers
Steve
31 March 2016, 01:38 PM
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It comes from those assorted nutters at the Global Policy Warming Federation - an organisation dedicated to peddling crap about climate change
Via a pseudoscience conspiracy site - "what's up with that" (WUWT) who peddle bat **** crazy ideas
WUWT often have articles denigrating "elitist" scientist - a recent example was by Melanie Phillips, she openly doubts vaccines and evolution - so dismissing AGW is pretty easy when you are a "crank magnet" and have your draft ideas repeated in theses ridiculous websites
Via a pseudoscience conspiracy site - "what's up with that" (WUWT) who peddle bat **** crazy ideas
WUWT often have articles denigrating "elitist" scientist - a recent example was by Melanie Phillips, she openly doubts vaccines and evolution - so dismissing AGW is pretty easy when you are a "crank magnet" and have your draft ideas repeated in theses ridiculous websites
***Ad Hom ALERT ***
(again)
31 March 2016, 01:48 PM
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to put it into perspective, the royal bank of scotland bail out cost 45bn. this would keep port talbot producing for 123 years! i know its not a viable business at the moment but worth considering.
31 March 2016, 01:49 PM
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Just typing this as I finish a 6-2 on the Scunthorpe plant. I dunno if it's going through but apparently Tata are underwriting loans for the possible takeover by Greybull.
My understanding was that the deadline was today but it was an unofficial one, so I should be coming to work tomorrow
300 or so people are leaving today on VR/retirement, as its March 31st.
My understanding was that the deadline was today but it was an unofficial one, so I should be coming to work tomorrow
300 or so people are leaving today on VR/retirement, as its March 31st.
31 March 2016, 03:00 PM
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Perspective is also required regarding your statement too. Steel industry has been in decline for over 25 years and currently only accounts 0.1% of UK's total economy. The loss of the steel industry will not result in the collapse of the UK economy.