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British steel facing administration

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Posted (edited)
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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Posted (edited)
1 hour ago, ez8004 said:

Meanwhile, Sheffield Forgemasters is and has been financially supported. 

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

Edited by apelike

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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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Posted (edited)
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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Just now, apelike said:

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

 

The government isn’t even putting its name to save Scunthorpe. Can’t tell the difference?

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10 minutes ago, ez8004 said:

The government isn’t even putting its name to save Scunthorpe. Can’t tell the difference?

No as the government have not given Forgemaster any money and yet have given British Steel a loan to help save it and has also given monetary support in the past.

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Just now, apelike said:

No as the government have not given Forgemaster any money and yet have given British Steel a loan to help save it and has also given monetary support in the past.

Scunthorpe is saved from collapse is it? 

 

Bye bye 5000 jobs. 

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3 minutes ago, ez8004 said:

Scunthorpe is saved from collapse is it? 

Dont think its collapse has been announced yet! Just correcting your post that seems to imply that Forgemasters were given aid by the government when the deal was just brokered by them, and that British Steel has been given a £100m loan and is far from the "the government isn’t even putting its name to save Scunthorpe" jibe.

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