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British steel industry is in crisis

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By (user no longer on site) OP   
over a year ago

Tata Steel has announced nearly 1,200 job losses at its plants in Scunthorpe and Lanarkshire. How come so suddenly the whole industry is at braking point, is it cos prices are falling world wide? Whats your thoughts?

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By (user no longer on site)
over a year ago

I don't think it's a sudden thing.

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By *lik and PaulCouple
over a year ago

Flagrante

The steel industry has always been volatile, usually due to world wide demand.

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By *sianmale89Man
over a year ago

Stockport


"Tata Steel has announced nearly 1,200 job losses at its plants in Scunthorpe and Lanarkshire. How come so suddenly the whole industry is at braking point, is it cos prices are falling world wide? Whats your thoughts? "

my thoughts....are that this country is losing most off it's own home grown companies and either selling/shipping them off to other countries because it's cheaper and they end up making a load of people redundant...

news flash it can be more expensive to import certain materials/stuff etc but hey if they want to screw up their own economy might as well go all the way..

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By *rightonsteveMan
over a year ago

Brighton - even Hove!

I'm sure they will iron out any issues in due course.

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By (user no longer on site)
over a year ago

Have the unions had a hand in this?

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By (user no longer on site)
over a year ago

Apparently virgin group are creating roughly the same number of jobs in roughly the same area

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By (user no longer on site)
over a year ago

*Sings*....We're only making plans for Nigel....he doesn't have his future with British Steel!

Cheers for reminding me of a great song!

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By (user no longer on site)
over a year ago

Selling to China, when was the last time the Steel industry fell to pieces?

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By (user no longer on site)
over a year ago

The biggest problem with steel is is a commodity and prices go up and down alot like most commodity's.

Right now it's really cheap and the world's flooded with the stuff.

The yanks increased import duty on foreign steel last year when the price dropped, the EU kicked their heels for a year!

Hence we can't compete with Chinese steel, because they have very very cheap labour and its run by the Chinese government who are currently making huge losses on it!

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By (user no longer on site)
over a year ago

Cheaper to get Iron from China or other places and of course people want the cheapest price.

Don't help when our government want to hand out massive contracts to China for that rail line.

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By (user no longer on site)
over a year ago


"Cheaper to get Iron from China or other places and of course people want the cheapest price.

Don't help when our government want to hand out massive contracts to China for that rail line."

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By *lik and PaulCouple
over a year ago

Flagrante


"Selling to China, when was the last time the Steel industry fell to pieces?"

Quite a few times....Corby steel production was moved to other plants around the UK resulting in the loss of around 10,000 jobs in around 1975 from memory thanks to Harold Wilsons master plan. Steel will always be reliant on demand just as with other commodities.

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By (user no longer on site)
over a year ago

Its not just the steel industry that is unable to compete on the world market is it.

All of our manufacturing has gone in the last 30+ years.

We now assemble cars,rather than actually make them.

Aircraft industry has been decimated,due to it being cheaper to manufacture elsewhere.

Past governments have decided that Britain would be better off as a service offering country and have gone out of their way to help this side of things.

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By (user no longer on site)
over a year ago

I think it's important to remember this.... The Chinese are not making steel cheaper than we are!

The Chinese government runs the Chinese steel mills at a massive loss during these periods of price downturn!

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By (user no longer on site)
over a year ago

It isnt just China that is causing all these problems though.

During the 80s, most European countries were building factories,fully equipping them and then selling the products at below cost.

Then huge handouts to companies to relocate their manufacturing to them.

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