British Steel……………
Posted by: Don Atkinson on 30 March 2016
British Steel……………
I can’t quite recall how quickly (or slowly) the Government was to step in and support British Bankers a few years back – and yes, I am aware it was a different Government that did this. But I don’t see much enthusiasm in the current Government to step in and support British Steelworkers and more importantly, the British steel industry.
Is banking that much more important to the overall British economy than steel making, or is it that more bankers went to Harrow, Eton and Oxford ?
Perhaps I should have posted this in the “Brain Teaser” thread 
Eloise posted:Don Atkinson posted:SAT posted:China slaps punitive tariffs on HQ steel imports, wonder if they'll continue to flog us illegally subsidised steel at a low price once alternative sources dry up.
Of course they will ! Cameron likes them...........................................
Maybe I'm misreading ... But I think SAT's suggestion was that once Port Talbot closes, there will be less alternatives to Chinese steel so Chinese prices will go up...
Cameron and Osborne are in love with the Chinese, but the Chinese treat them and Britain with contempt...
I think, Eloise, that you are getting my message 
Once Port Talbot closes, that is the end of basic British steel making - finito ! Once the basic furnaces are allowed to cool and distort, that's it !!!!
Sure, we will be able to import some form of basic steel and turn that into high quality specialised steel. But we will be at mercy of other producers of basic steel, be that Europe, USA, China, India......
Even "friends" charge over-the-odds when it suits them. (and just watch the Eurovision Song Contest to see who our "friends" are in Europe................)
And we are talking about "forever" !