Tata steel to be privatised.

[SwingsitlikeHogan]

It is already privately owned.

The UK government will not provide the cash because of EU rules - not that it has stopped France and its buddies doing it by the backdoor. The UK may be able to play with energy costs but that's at the margin.

Until pressure is brought on China to peg/fix its currency exchange rate it will be able to maintain it artificially status as the cheapest source of just about anything. China's growth has slowed; they now have excess capacity. This means they are desperate to hoover up any business from the rest of the world which will mean they will continue to keep their currency undervalued.

Its a daft situation where the 'West' and rest-of-the-world impose constraints on their businesses vis via wages, working conditions, environmental 'taxes' yet turn a blind eye to child labour, pollution and poverty in the Nations who supply us.

The UK steel industry has no feasible future as long as the 'twisted' competition is not strategically addressed.

Actually from what I've been hearing on the news today energy costs appear to be a very significant factor in the cost of running a blast furnace as at PT. Also I heard that both German and Italian governments were able to do very significant things to support their own steel industries.

 

[FairwayDodger]

Never fear, it would seem that our beloved PM has the solution....

http://www.thedailymash.co.uk/news/...ers-just-become-male-strippers-20160331107633

 

[SwingsitlikeHogan]

Never fear, it would seem that our beloved PM has the solution....

http://www.thedailymash.co.uk/news/...ers-just-become-male-strippers-20160331107633

He's off to Peking with his china - George - to beg them to buy the steelworks?

 

[harpo_72]

Should just tax the cheap imports, and apply a method of categorising the quality of steel.
Can't blame Tata for walking away, the government did not protect the business.

 

[chippa1909]

http://www.independent.co.uk/news/u...s-by-blocking-eu-plans-to-allow-a6962446.html

Oops. It appears that the Tories might have been doing Tory things with the steel industry....

 

[chippa1909]

Around the time that the English and Welsh steel workers were sold out.

 

[chippa1909]

Actually from what I've been hearing on the news today energy costs appear to be a very significant factor in the cost of running a blast furnace as at PT. Also I heard that both German and Italian governments were able to do very significant things to support their own steel industries.

And Scottish Government!!