business

British Steel collapses, threatening thousands of jobs

11 Comments
By DANICA KIRKA

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11 Comments
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Contrast the situation in Japan.

The steel companies here would get any and all necessary help but the UK government fails miserably to aid its own.

A massive flop and an indication of the low level of political will in the UK!

1 ( +2 / -1 )

British government gave British Steel £120 million but problems continue with the type of furnaces its uses and the import of iron ore and coal/coke coupled with uncertainty the Brexit is causing for many businesses. Probably the end of steel production in the UK, a vital business.

3 ( +3 / -0 )

'Would not be lawful' is under what............ EU law?

0 ( +0 / -0 )

Perhaps Donald Trump will suggest something when he visits the UK next month.

0 ( +0 / -0 )

My first job after leaving school at 16 was in such a place, a tin refinery smelting tin ore from South America and Nigeria and some from Cornwall for the mint. I was an apprentice engineer. These places are hell on earth. Hot dangerous and dusty. Furnaces blasting away.

I believe at BS they are using former blast furnaces which require more coal/coke than modern ones and the coal is imported from Poland since the mines have all been closed down.

But a job is a job and blokes need to feed their families and the closure only generates more stress, more family tensions over paying the bills.

With Brexit, other industries are likely to follow.

5 ( +5 / -0 )

Well done, Britain and Brexit! The first of many, MANY casualties to come out of an incredibly stupid and nationalist decision. I bet a lot of the steel workers who will be fired were "BRITAIN FIRST! BREXIT!" supporters.

5 ( +6 / -1 )

Keep on voting Farage, well done !

-4 ( +0 / -4 )

Probably the end of steel production in the UK, a vital business.

I think Tata still employs over 8,000 people at its steel plants in the UK. The Scunthorpe plant was previously owned by Tata but sold to Greybull Capital in 2016 for £1 and re-named British Steel.

2 ( +2 / -0 )

. I bet a lot of the steel workers who will be fired were "BRITAIN FIRST! BREXIT!" supporters.

I think you are probably wrong because the steel workers know they reply on imports for coal/coke and iron ore. Exports for orders. Outside of the EU and the prices increase for the tariffs.

3 ( +3 / -0 )

zichi: "I think you are probably wrong because the steel workers know they reply on imports for coal/coke and iron ore. Exports for orders. Outside of the EU and the prices increase for the tariffs."

Yeah, but what you're talking about is logic. No one who voted for Brexit exercised it unless they are racist and/or stood to become extremely rich. A lot of the working class got caught up in the same nonsense and the MAGA farmers now suffering in the US.

2 ( +2 / -0 )

In the past two years (to be precise, the past 22 months) China has manufactured more steel than Britain has since the height of the Industrial Revolution in 1870.

 No one who voted for Brexit exercised it unless they are racist and/or stood to become extremely rich

So you are saying all the people who voted to leave are racist. Some of my family voted to leave but they are not racist.

The future of Tata Steel's main European operations, based in the UK, faced fresh uncertainty Friday after German industrial conglomerate Thyssenkrupp scrapped merger plans with the Indian giant.

1 ( +1 / -0 )

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