Redcar Steel plant

[hornetrider]

Tata are to announce they are going to sell off their UK business.

http://www.bbc.co.uk/news/business-35922046

Who buys a plant losing 200m a year? What can be done about cheap Chinese steel?

[KrissKross]

hornetrider said:

What can be done about cheap Chinese steel?

You don't import it or you tax the hell out of it, simple.

However what's not so simple is that the EU have allowed this to happen, our government is both powerless and spineless.

http://www.telegraph.co.uk/finance/newsbysector/in...

[jmorgan]

Not good.

[bazza white]

Yep EU government shafted the steel industry. Lefties here in Wales just don't get it and neither do most steelworkers just blaming the Tories.

I do think the Conservatives gain in Wales will be wiped out for their lack of effort.




I think I'm safe for a while in another Welsh steel company but the job hunt is definitely on this year.

[voyds9]

Looks like the government is up for nationalising steel

Just been broken on news at 10

[alfie2244]

hornetrider said:

Tata are to announce they are going to sell off their UK business.

http://www.bbc.co.uk/news/business-35922046

Who buys a plant losing 200m a year? ?

Well the Govt have been speaking to them.

eta voyds beat me to it.

[powerstroke]

hornetrider said:

Tata are to announce they are going to sell off their UK business.

http://www.bbc.co.uk/news/business-35922046

Who buys a plant losing 200m a year? What can be done about cheap Chinese steel?

Scrap the climate change act !!!! its the government and labour before them that signed the death warrant for
all our heavy industys ....... the owners of the steel companys are doing the right thing or a least a sensible business decision in shutting them... anyway I'm sure people will love it ,its controling dangerous climate change Tata are thinking of the children ......

[Esseesse]

voyds9 said:

Looks like the government is up for nationalising steel

Just been broken on news at 10

Are they allowed as EU members?

[Esseesse]

powerstroke said:

hornetrider said:

Tata are to announce they are going to sell off their UK business.

http://www.bbc.co.uk/news/business-35922046

Who buys a plant losing 200m a year? What can be done about cheap Chinese steel?

Scrap the climate change act !!!! its the government and labour before them that signed the death warrant for
all our heavy industys ....... the owners of the steel companys are doing the right thing or a least a sensible business decision in shutting them... anyway I'm sure people will love it ,its controling dangerous climate change Tata are thinking of the children ......

It's not just that. Until we joined the EU we used tariffs to balance trade. Since 1973 we have not.

[alfie2244]

Esseesse said:

voyds9 said:

Looks like the government is up for nationalising steel

Just been broken on news at 10

Are they allowed as EU members?

Do the French not own many of their industries....EDF power comes to mind. IIRC Italy gave a steel firm £??million for “environmental improvements” if that isn't state aid I don't know what is.

[greygoose]

alfie2244 said:

Esseesse said:

voyds9 said:

Looks like the government is up for nationalising steel

Just been broken on news at 10

Are they allowed as EU members?

Do the French not own many of their industries....EDF power comes to mind. IIRC Italy gave a steel firm £??million for “environmental improvements” if that isn't state aid I don't know what is.

Don't steel industries exist in other countries in the EU?

[BlackLabel]

Why are the EU not imposing higher tariffs?

guardian said:

Although not compulsory under World Trade Organisation guidelines, the EU has chosen to abide by the lesser-duty rule, which restricts punitive tariffs on dumped goods. For example, whereas the EU sets a tariff of up to 16% on dumped Chinese cold-rolled steel – a high-value product used to make car parts, household appliances and furniture – the US fixed duties at 266%.

http://www.theguardian.com/business/2016/mar/15/eu-steel-action-plan-punitive-tariff-proposal-uk-dumped-goods-subsidised-chinese-imports

[alfie2244]

greygoose said:

alfie2244 said:

Esseesse said:

voyds9 said:

Looks like the government is up for nationalising steel

Just been broken on news at 10

Are they allowed as EU members?

Do the French not own many of their industries....EDF power comes to mind. IIRC Italy gave a steel firm £??million for “environmental improvements” if that isn't state aid I don't know what is.

Don't steel industries exist in other countries in the EU?

If think you may find they either turn a blind eye to the regulations or find ways to get round the EU rules that bar governments from using state aid to prop up firms.

[voyds9]

After the vote to leave the EU we will have all this extra money

Which we can then use to buy a bankrupt industry

[hannibal mode on]
I love it when a plan comes together
[hannibal mode off]

[Du1point8]

BlackLabel said:

Why are the EU not imposing higher tariffs?

guardian said:

Although not compulsory under World Trade Organisation guidelines, the EU has chosen to abide by the lesser-duty rule, which restricts punitive tariffs on dumped goods. For example, whereas the EU sets a tariff of up to 16% on dumped Chinese cold-rolled steel – a high-value product used to make car parts, household appliances and furniture – the US fixed duties at 266%.

http://www.theguardian.com/business/2016/mar/15/eu-steel-action-plan-punitive-tariff-proposal-uk-dumped-goods-subsidised-chinese-imports

Yet the same EU imposed massive tariffs on sugar cane, who lost out? UK...

http://www.telegraph.co.uk/finance/newsbysector/re...

Tate & Lyle going to the wall over an EU incentive that they must buy EU sugar beet, unfortunately there is not enough sugar beet in the EU to satisfy the demand for Tate & Lyle, yet they are powerless to go elsewhere so are shutting down.

[shirt]

hornetrider said:

Tata are to announce they are going to sell off their UK business.

http://www.bbc.co.uk/news/business-35922046

Who buys a plant losing 200m a year? What can be done about cheap Chinese steel?

it was losing more than that when tata bought it!

i notice tata in the netherlands [also part of the old company - corus] isn't up for sale yet their energy costs/wage bills are probably in excess of that in the uk. difference being a motivated workforce and a government that recognises the impact that loss would have.

[Axionknight]

BlackLabel said:

Why are the EU not imposing higher tariffs?

guardian said:

Although not compulsory under World Trade Organisation guidelines, the EU has chosen to abide by the lesser-duty rule, which restricts punitive tariffs on dumped goods. For example, whereas the EU sets a tariff of up to 16% on dumped Chinese cold-rolled steel – a high-value product used to make car parts, household appliances and furniture – the US fixed duties at 266%.

http://www.theguardian.com/business/2016/mar/15/eu-steel-action-plan-punitive-tariff-proposal-uk-dumped-goods-subsidised-chinese-imports

Didn't the UK government veto the EU tariffs on Chinese steel?

[jmorgan]

Cobblers. What are the chances, that following EU rules, the sale goes to a Chinese firm?

[zygalski]

KrissKross said:

hornetrider said:

What can be done about cheap Chinese steel?

You don't import it or you tax the hell out of it, simple.

However what's not so simple is that the EU have allowed this to happen, our government is both powerless and spineless.

http://www.telegraph.co.uk/finance/newsbysector/in...

Or not so simple since we also export to China.
The supposed EU issue is a total red herring here. Unless that is you think our current trade agreement wouldn't have happened between China & the UK if we were out of the EU.
Honestly, while you're at it why not blame Blair, Brown & benefit mums for Tata moving on.

[Axionknight]

zygalski said:

Or not so simple since we also export to China.
The supposed EU issue is a total red herring here. Unless that is you think our current trade agreement wouldn't have happened between China & the UK if we were out of the EU.
Honestly, while you're at it why not blame Blair, Brown & benefit mums for Tata moving on.

You forgot the little brown people, surely they are to blame too?