Making the news today....

[Mesterh]

Hopefully a good thing

 

Government seeks control of British Steel in potential move to nationalisation

WWW.INDEPENDENT.CO.UK

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MPs and peers will break from Easter recess to debate the Bill as part of plans...

 

[eggsarascal]

Scunthorpe steel works, the government look to be taking control of the site from its Chinese owners who say its making a loss of £700k everyday. Your thoughts?

[eggsarascal]

2 hours ago, Mesterh said:

Hopefully a good thing

 

Government seeks control of British Steel in potential move to nationalisation

WWW.INDEPENDENT.CO.UK

---

MPs and peers will break from Easter recess to debate the Bill as part of plans...

 

Didn't get this far before I posted.

[Mesterh]

8 minutes ago, eggsarascal said:

Scunthorpe steel works, the government look to be taking control of the site from its Chinese owners who say its making a loss of £700k everyday. Your thoughts?

If they are loosing 5 mill a week then maybe its not a good thing!

 

[eggsarascal]

27 minutes ago, Mesterh said:

If they are loosing 5 mill a week then maybe its not a good thing!

 

Raw materials is the problem apparently, they can't get coal for the furnaces at the right price, funny that...

[Johnsond]

2 hours ago, Mesterh said:

If they are loosing 5 mill a week then maybe its not a good thing!

 

£8 million a day 🤮Apparently not an issue to some, or the ability to have our own steel manufacturing capability 🤔I know where I’d rather my taxes go

Edited Friday at 23:33 by Johnsond

[Johnsond]

1 hour ago, eggsarascal said:

Raw materials is the problem apparently, they can't get coal for the furnaces at the right price, funny that...

 

[eggsarascal]

12 minutes ago, Johnsond said:

 

Yeah, read all about it. I've said from when I first joined this parish we would come to regret closing down all our mines. Many weren't viable bur there were plenty that could have still being worked today that could power our industry.

[Johnsond]

7 hours ago, eggsarascal said:

Yeah, read all about it. I've said from when I first joined this parish we would come to regret closing down all our mines. Many weren't viable bur there were plenty that could have still being worked today that could power our industry.

Listening to the Labour industry secretary earlier this morning saying she didn’t believe the Chinese 🇨🇳 were negotiating in good faith 😳😳😳 🤔you think not !!! Talk about absolute naivety. 

[Steven P]

10 hours ago, eggsarascal said:

Yeah, read all about it. I've said from when I first joined this parish we would come to regret closing down all our mines. Many weren't viable bur there were plenty that could have still being worked today that could power our industry.

 

 

Unfortunately a consequence of Thatcher - the Right wing hero - breaking the miners unions and subsequently the downfall of the UK coal industry. 40 years ago.

 

Would be great if it was viable but with no UK iron ore mines to speak of, no coal mines to speak of the only raw material we produce is limestone - blast furnaces are usually best sited near the raw materials - wales had the coal locally, Redcar had ironstone and coal, Scunthorpe iron ore and lime, Sheffield coal, iron, hydro power, 'British Steel' in its various names and owners only really profitable recently because of the special steels division (rail steels and so on)... I'm not holding my breath that public ownership will reverse years of decline... but give it a go, it is better than throwing thousands of employees on the scrap heap.