Redcar steel plant to close with 1,700 job losses

Thai-owned company will shut Teesside plant indefinitely after sharp falls in steel prices

One of the UK’s biggest steelmaking plants, at Redcar on Teesside, is to stop production after nearly 100 years, with the loss of 1,700 jobs.
The plant’s owner, Thai-owned SSI, said that after reviewing the business it had no choice but to mothball the operations. SSI had put production on hold ten days ago ahead of a final decision on its future. Coke ovens and a power station at the site would continue to function, it said.

http://www.theguardian.com/business/2015/sep/28/redcar-steel-plant-to-close-with-1700-job-losses

The Head of British Steel has demanded a meeting with the Government and said he is fed of of promises and no action.

'Recovery' is going well isn't it.

Now, has anyone got anything to say about a subject that is causing mayhem in the lives of decent people, or are the Conservatives on here going to make sure they avoid this like the plague.

You would have thought that the loss of all these jobs would have attracted some discussion but obviously some people are more intersted in following Conservative HQ's instructions with personal attacks against those who would be fighting to keep these jobs.

This is terrible news and with on-site contractors it's around 2000 jobs not to mention the businesses and the community which the workers earnings support.

Now they'll probaly be stuck on a start programme at somrwhere like poundland.

sassy wrote:Now, has anyone got anything to say about a subject that is causing mayhem in the lives of decent people, or are the Conservatives on here going to make sure they avoid this like the plague.

My post just crossed over with yours

Irn Bru wrote:

sassy wrote:Now, has anyone got anything to say about a subject that is causing mayhem in the lives of decent people, or are the Conservatives on here going to make sure they avoid this like the plague.

My post just crossed over with yours

It did lol.  Amazing that Osborne is courting China to take over industries here, when they are already recking this one.

well now, what have we here....the place is unprofitable....so we SHOULD od course put in a subsidy to help it....

oh wait.....

the lefty wet dream of "europe" says we cant do that
and
we cant afford it anyway, after all we will require that money and more to look after these incomming "refugees"
and....of course we cant pay a subsidy to a foreign company anyway...that would be absurd.....

so we would have to nationalise it....

oh dear ...theres that "E.U" again.........

Europe doesn't say that at all.  It calls for equality between manufacturing within the EU, and that does not involve threats from outside the EU.

Never mind. The pig shagger and the Coke sniffer got us the pig sperm Chinese export contract.

sassy wrote:Europe doesn't say that at all.  It calls for equality between manufacturing within the EU, and that does not involve threats from outside the EU.

Correct

and you cannot subsidies an industry AND have "equality " within europe.....the two are incompatible....

AND the E.U. discourages "nationalisation" for the same reason......


the EFFECT being that we cannot do either or both....

so in effect the rules of the E.U prevent us from protecting our industries from threats outside europe as well....

I DONT CARE...what the rules "say" what matters is their ultimate effect.......

Guess what Victor, JC agrees with you, look it up.

and I care even less if JC agrees with me or not......the fact that a twat agrees with me isnt of itself much of a recomendation is it.....

victorismyhero wrote:and you cannot subsidies an industry AND have "equality " within europe.....the two are incompatible....

AND the E.U. discourages "nationalisation" for the same reason......


the EFFECT being that we cannot do either or both....

so in effect the rules of the E.U prevent us from protecting our industries from threats outside europe as well....

I DONT CARE...what the rules "say"   what matters is their ultimate effect.......

No they don't Victor. The EU can impose anti-dumping duties on foreign imports that are subsidised by the government of the country who are flogging their products on the open market.

It happened way back when the Japanese did that and put British Steel at a disadvantage. I think we lobbed a fair per cent on top of the value they were selling it at.

Irn Bru wrote:

victorismyhero wrote:and you cannot subsidies an industry AND have "equality " within europe.....the two are incompatible....

AND the E.U. discourages "nationalisation" for the same reason......


the EFFECT being that we cannot do either or both....

so in effect the rules of the E.U prevent us from protecting our industries from threats outside europe as well....

I DONT CARE...what the rules "say"   what matters is their ultimate effect.......

No they don't Victor. The EU can impose anti-dumping duties on foreign imports that are subsidised by the government of the country who are flogging their products on the open market.

It happened way back when the Japanese did that and put British Steel at a disadvantage. I think we lobbed a fair per cent on top of the value they were selling it at.

irrelevant irn...nice try at deflection...

we are not talking "dumping" of goods

we are talking of a foreign owner finding an industry "unprofitable" and closing it...which should prompt the reponse of subsidy and nationalisation.....which E.U rules forbid/discourage...

the two are NOT the same....


funny init how the left love to have a problem pointed out to them ....so they discusss another ....

bit like the "politicians answer" story i used a few days back......

victorismyhero wrote:

Irn Bru wrote:

victorismyhero wrote:and you cannot subsidies an industry AND have "equality " within europe.....the two are incompatible....

AND the E.U. discourages "nationalisation" for the same reason......


the EFFECT being that we cannot do either or both....

so in effect the rules of the E.U prevent us from protecting our industries from threats outside europe as well....

I DONT CARE...what the rules "say"   what matters is their ultimate effect.......

No they don't Victor. The EU can impose anti-dumping duties on foreign imports that are subsidised by the government of the country who are flogging their products on the open market.

It happened way back when the Japanese did that and put British Steel at a disadvantage. I think we lobbed a fair per cent on top of the value they were selling it at.

irrelevant irn...nice try at deflection...

we are not talking "dumping" of goods

we are talking of a foreign owner finding an industry "unprofitable" and closing it...which should prompt the reponse of subsidy and nationalisation.....which E.U rules forbid/discourage...

the two are NOT the same....


funny init how the left love to have a problem pointed out to them ....so they discusss another ....

bit like the "politicians answer" story i used a few days back......

It is relevant. Anti-dumping duties also cover goods being sold on the open market which are subsided by the government of the exporting country in the form of subsidies or financial invesment to make them profitable than they otherwise would be if they were operated as a stand-alone business selling at cost.

That rule is well understood and it makes sense. Not just 'dumping'.

NO irn...we are NOT talking about a foreign firm subsidising or in fact doing ANYTHING

we are talking about OUR govt being able to subsidise a company to save it from being shut down becasue its owner finds it "unprofitable"

wriggle all you want ...yet again your answer is irrelevant....

this plant is NOT closing becasue its owner or owners govt is subsidising anything it is selling here
this plant is NOT closing becasue its owner/owners govt is "dumping" anything here

it IS closing because its owner finds it "unprofitable"

therefore OUR govt should be able to subsidise it and/or nationalise it....but cant because of EU rules....


why is that so difficult for you ??

victorismyhero wrote:NO irn...we are NOT talking about a foreign firm subsidising or in fact doing ANYTHING

we are talking about OUR govt being able to subsidise a company to save it from being shut down becasue its owner finds it "unprofitable"

wriggle all you want ...yet again your answer is irrelevant....

this plant is NOT closing becasue its owner or owners govt is subsidising anything it is selling here
this plant is NOT closing becasue its owner/owners govt is "dumping" anything here

it IS closing because its owner finds it "unprofitable"

therefore OUR govt should be able to subsidise it and/or nationalise it....but cant because of EU rules....


why is that so difficult for you ??  

Yes we are talking about sunsidies. The Chinese government will subsidise their steel making operations keeping it going when our is going to pot and then there is no competition left and they will have cornered the market.

There is nothng in the EU rules that says we can't support our steel industry with subsidies to maintain the operation just as long as we do not sell it within the EU to gain an advantage from it.

http://www.telegraph.co.uk/finance/commodities/11878679/Chinas-dumped-steel-leaves-UK-industry-facing-fight-for-survival.html

Irn Bru wrote:

victorismyhero wrote:NO irn...we are NOT talking about a foreign firm subsidising or in fact doing ANYTHING

we are talking about OUR govt being able to subsidise a company to save it from being shut down becasue its owner finds it "unprofitable"

wriggle all you want ...yet again your answer is irrelevant....

this plant is NOT closing becasue its owner or owners govt is subsidising anything it is selling here
this plant is NOT closing becasue its owner/owners govt is "dumping" anything here

it IS closing because its owner finds it "unprofitable"

therefore OUR govt should be able to subsidise it and/or nationalise it....but cant because of EU rules....


why is that so difficult for you ??  

Yes we are talking about sunsidies. The Chinese government will subsidise their steel making operations keeping it going when our is going to pot and then there is no competition left and they will have cornered the market.

There is nothng in the EU rules that says we can't support our steel industry with subsidies to maintain the operation just as long as we do not sell it within the EU to gain an advantage from it.

http://www.telegraph.co.uk/finance/commodities/11878679/Chinas-dumped-steel-leaves-UK-industry-facing-fight-for-survival.html

which would mean we could ONLY sell it outside the EU??

including NOT using its products here at home .....

victorismyhero wrote:

Irn Bru wrote:

victorismyhero wrote:NO irn...we are NOT talking about a foreign firm subsidising or in fact doing ANYTHING

we are talking about OUR govt being able to subsidise a company to save it from being shut down becasue its owner finds it "unprofitable"

wriggle all you want ...yet again your answer is irrelevant....

this plant is NOT closing becasue its owner or owners govt is subsidising anything it is selling here
this plant is NOT closing becasue its owner/owners govt is "dumping" anything here

it IS closing because its owner finds it "unprofitable"

therefore OUR govt should be able to subsidise it and/or nationalise it....but cant because of EU rules....


why is that so difficult for you ??  

Yes we are talking about sunsidies. The Chinese government will subsidise their steel making operations keeping it going when our is going to pot and then there is no competition left and they will have cornered the market.

There is nothng in the EU rules that says we can't support our steel industry with subsidies to maintain the operation just as long as we do not sell it within the EU to gain an advantage from it.

http://www.telegraph.co.uk/finance/commodities/11878679/Chinas-dumped-steel-leaves-UK-industry-facing-fight-for-survival.html

which would mean we could ONLY sell it outside the EU??

including NOT using its products here at home .....

The bail out is only to keep the plant operating without going down the tube. If we can't match the subsidies that the Chinese are giving then we go bust and they have won the market for themselves.

If the owners can't keep it going then buy it from them and run it as an ongoing business to save thousands of jobs otherwise they go on the dole and on welfare.

We have a domestic market for steel and we can't afford to let it fall into the hands of the Chinese. We can sell it to them at whatever price we want just as long as we don't underctr EU suppliers of steel bacause of the subsidies - they are in the same boat anyway

The EU commision are currently investigating the price of Chinese steel which has distorted the market price - they're dumping it plain and simple

We found billions to bail out the banks so why not an industry with real jobs

Gotta go. Taxes to pay CYA tomorrow.