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"Chinese owned so it is a plot to weaken us before they invade Taiwan. Strategic madness to not be able to make our own steel from raw materials." No longer a serious country.  | |||
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"Britain's final steel plants in Scunthorpe, widely regarded as producing some of the world's best steel, are to close, 5 years after being sold to Chinese owners. The main reason is UK's high energy prices, which are largely the result of net zero madness. Great timing as Labour increases defence spending which will now involve buying lots of low quality Chinese steel produced by burning coal. 🤦♂️🤦♂️🤦♂️" It needs cool for carbon and iron ore. What the UK needs is an ARK furnaces so steel can be recycled ♻️ rather than making new from raw materials. But the market is very competitive. | |||
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"Britain's final steel plants in Scunthorpe, widely regarded as producing some of the world's best steel, are to close, 5 years after being sold to Chinese owners. The main reason is UK's high energy prices, which are largely the result of net zero madness. Great timing as Labour increases defence spending which will now involve buying lots of low quality Chinese steel produced by burning coal. 🤦♂️🤦♂️🤦♂️" At least uk steel producers won't be clobbered with industry destroying tariffs.  | |||
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"Britain's final steel plants in Scunthorpe, widely regarded as producing some of the world's best steel, are to close, 5 years after being sold to Chinese owners. The main reason is UK's high energy prices, which are largely the result of net zero madness. Great timing as Labour increases defence spending which will now involve buying lots of low quality Chinese steel produced by burning coal. 🤦♂️🤦♂️🤦♂️ At least uk steel producers won't be clobbered with industry destroying tariffs. "Unless the UK aligns its emissions trading tax with the higher priced EU one the 4 remaining EAF steel plants face carbon broader tax on exports to the EU. | |||
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"Chinese owned so it is a plot to weaken us before they invade Taiwan. Strategic madness to not be able to make our own steel from raw materials." We tend to disagree on some issues but absolutely right on having our own manufacturing for steel.. Same as with critical infrastructure, it should never be owned by other governments and hedge funds.. | |||
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"Chinese owned so it is a plot to weaken us before they invade Taiwan. Strategic madness to not be able to make our own steel from raw materials. We tend to disagree on some issues but absolutely right on having our own manufacturing for steel.. Same as with critical infrastructure, it should never be owned by other governments and hedge funds.."  | |||
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"Net zero targets, high energy costs, and cheaper foreign imports have impacted our ability to produce steel. We are at a crossroads, either we commit to net zero and accept domestic manufacturing is lost forever, or we pause and invest heavily in rebuilding UK owned industrial manufacturing so we can serve our own needs. We can’t have it both ways, either we prioritise net zero, or we prioritise our ability to manufacture." We are definitely at a crossroads.. The need to protect the nation, the investments that are critically low and the means to rebalance must take priority over net zero etc.. Whatever it costs the alternatives are far worse | |||
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"Net zero targets, high energy costs, and cheaper foreign imports have impacted our ability to produce steel. We are at a crossroads, either we commit to net zero and accept domestic manufacturing is lost forever, or we pause and invest heavily in rebuilding UK owned industrial manufacturing so we can serve our own needs. We can’t have it both ways, either we prioritise net zero, or we prioritise our ability to manufacture. We are definitely at a crossroads.. The need to protect the nation, the investments that are critically low and the means to rebalance must take priority over net zero etc.. Whatever it costs the alternatives are far worse " I agree. The problem as I see it is, how do the government get the importance of our economic and national security over to people who are only interested in net zero? If the government believes they will lose support in this space, they will do nothing which is what we have today. | |||
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"Net zero targets, high energy costs, and cheaper foreign imports have impacted our ability to produce steel. We are at a crossroads, either we commit to net zero and accept domestic manufacturing is lost forever, or we pause and invest heavily in rebuilding UK owned industrial manufacturing so we can serve our own needs. We can’t have it both ways, either we prioritise net zero, or we prioritise our ability to manufacture. We are definitely at a crossroads.. The need to protect the nation, the investments that are critically low and the means to rebalance must take priority over net zero etc.. Whatever it costs the alternatives are far worse I agree. The problem as I see it is, how do the government get the importance of our economic and national security over to people who are only interested in net zero? If the government believes they will lose support in this space, they will do nothing which is what we have today." It's not going to happen overnight, Europe will be also having the debate and finding solutions if they are there but we as a continent can't fanny about flim flamming whilst Russia re arms at pace.. | |||
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"the bigger question is how do the government get the importance of our economic and national security over to people who are only interested in all sectors being in private foreign ownership and their demands that the few remaining nationalised sectors be sold cheaply to foreign interests. " It's a good question, but ultimately it comes down to the shareholders. I don't think many would be that bothered who makes the steel or where their steel is made, only that it returns a dividend for their investment. | |||
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