Redcar Steel plant

[KTF]

The Mirror isn't letting facts get in the way of a good headline.

http://www.huffingtonpost.co.uk/entry/network-rail...

[madbadger]

Is everyone ready for the return of the British Steel brand?

[Oakey]

Bodo said:

Wait until Uber and its competitors run a fleet of millions of self-driving taxis. The loss of jobs for cab drivers worldwide (starting in the high-wage countries) will make this loss of steel industry jobs look like a minor glitch.

This will start in five years, expand to low-wage countries in ten, and will be finished in 25 years. By 2025, using the services of a human driven cab in London will be three times the price of a self-driving cab.

Exactly but I didn't want to mention the autonomous aspect as people still think this is probably too far into the future but this is exactly the direction they will go. They'll decimate the taxi industry by paying Uber drivers st money and not having to adhere to the same regulations as regular taxi firms and then once they've cornered the market they'll screw the Uber drivers and replace them with self driving cars. That infographic will have to be altered to say "The largest taxi service in the world has no drivers" instead.

[bazza white]

KTF said:

The Mirror isn't letting facts get in the way of a good headline.

http://www.huffingtonpost.co.uk/entry/network-rail...

The mirror same as all lefties don't bother with facts. Its a proper cringe worthy paper.

[KrissKross]

madbadger said:

Is everyone ready for the return of the British Steel brand?

I would be, and I would be proud to cover our products in stickers saying as much!

[Northern Munkee]

At the risk of compounding...

The Mirror latest http://www.mirror.co.uk/news/uk-news/head-americas...

Which to be fair EU/UK negligence in pushing for Market Economy status for China at the WTO whiffs of Greece been allowed into the Euro when it was nowhere near meeting the entry criteria. And that worked out well.

[greygoose]

Northern Munkee said:

At the risk of compounding...

The Mirror latest http://www.mirror.co.uk/news/uk-news/head-americas...

Which to be fair EU/UK negligence in pushing for Market Economy status for China at the WTO whiffs of Greece been allowed into the Euro when it was nowhere near meeting the entry criteria. And that worked out well.

The sucking up to the Chinese by ministers has been humiliating and it wouldn't surprise me if this was true, manufacturing has been sold down the river by several governments. China will end up with a monopoly in various industries and we will be at their mercy.

[jbswagger]

British Steel is back.

http://www.bbc.co.uk/news/business-36015797

[wc98]

greygoose said:

Northern Munkee said:

At the risk of compounding...

The Mirror latest http://www.mirror.co.uk/news/uk-news/head-americas...

Which to be fair EU/UK negligence in pushing for Market Economy status for China at the WTO whiffs of Greece been allowed into the Euro when it was nowhere near meeting the entry criteria. And that worked out well.

The sucking up to the Chinese by ministers has been humiliating and it wouldn't surprise me if this was true, manufacturing has been sold down the river by several governments. China will end up with a monopoly in various industries and we will be at their mercy.

the chinese have more money for greasy palms ,so no surprise there. the developing world would cease to function without what we term corruption,so it looks like that is the way global business is going.

[glazbagun]

Thought I'd give this a post Brexit bump. Could the plunging GBP save our steel, or will our position be to appease the Chinese even more than we did as EU members?

[gazza285]

Lots of optimism in Shorpe...

[Blayney]

Thought this was interesting

http://www.telegraaf.nl/dft/26098101/Tata_Steel_in...

Tata happy to invest in the Netherlands.

article said:

The investment in a new machine needed to be able to compete with low-cost steel producers in China. IJmuiden works 9,000 people. (google translated)

[RYH64E]

glazbagun said:

Thought I'd give this a post Brexit bump. Could the plunging GBP save our steel, or will our position be to appease the Chinese even more than we did as EU members?

Why would anyone invest in UK steel production now? When we're outside the EU our steel exports will be subject to the same anti-dumping import tariffs that apply to Chinese steel, the UK was the only voice in the EU opposing punitive tariffs, now we have no say expect import duties to increase still further.

[madbadger]

RYH64E said:

glazbagun said:

Thought I'd give this a post Brexit bump. Could the plunging GBP save our steel, or will our position be to appease the Chinese even more than we did as EU members?

Why would anyone invest in UK steel production now? When we're outside the EU our steel exports will be subject to the same anti-dumping import tariffs that apply to Chinese steel, the UK was the only voice in the EU opposing punitive tariffs, now we have no say expect import duties to increase still further.

Simplistically a weak pound makes British steel cheap.

[RYH64E]

madbadger said:

Simplistically a weak pound makes British steel cheap.

Big risk that UK produced steel would be hit by any anti-dumping measures the EU might introduce. As I understand it, it was only the UK arguing against the imposition of punitive tariffs, now we have little if any say I'd expect steel not produced in the EU to priced out of the single market regardless of any currency devaluation.

[Mr GrimNasty]

http://www.telegraph.co.uk/business/2016/07/08/tat...

Not a done deal, but the fact it is even being talked over shows what a load of bks the anti-Brexit brigade have been spouting.

[Digga]

KrissKross said:

madbadger said:

Is everyone ready for the return of the British Steel brand?

I would be, and I would be proud to cover our products in stickers saying as much!

One of our firms uses high quality steel alloys made by SSAB Swedish Steel. Being accredited to use their steel branding is a 'good thing' for us. If British Steel can get price and quality right on their product offering, I can see a way their marketing department could leverage the brand. I do hope they can.

[johnxjsc1985]

Mr GrimNasty said:

http://www.telegraph.co.uk/business/2016/07/08/tat...

Not a done deal, but the fact it is even being talked over shows what a load of bks the anti-Brexit brigade have been spouting.

life will go on

[madbadger]

RYH64E said:

madbadger said:

Simplistically a weak pound makes British steel cheap.

Big risk that UK produced steel would be hit by any anti-dumping measures the EU might introduce. As I understand it, it was only the UK arguing against the imposition of punitive tariffs, now we have little if any say I'd expect steel not produced in the EU to priced out of the single market regardless of any currency devaluation.

Agreed. Hence the 'simplistically' caveat. It isn't simple.

Also an issue is buying ore and coal in $ while the £ has crashed.