Tata closing steel plant

[startinghandle]

On last night's BBC Welsh news it was announced that
Tata are closing a steel plant with the loss of nearly 400 jobs
A company spokesman said they make specialist steel but only making
Profit in 2 years out of the last 10 and could not compete with imports especially from China

 

[8100]

Is that the one nr Flint/ Shotton i don't watch tv so not up to speed on the news.

 

[Lincs Lass]

Not just the 400 staff but all the associated business's that supply or use the materials,, this is what would have happened to Scunthorpe except that would have been 4000 jobs

 

[agrotron]

Is that the one nr Flint/ Shotton i don't watch tv so not up to speed on the news.

No Shotton is ok for the time being. Hopefully as I work there it will keep going for a while yet.

 

[startinghandle]

The plant facing closure is at Newport
South Wales

 

[Hesston4860s]

We had some of this so called Chinese steel for a shed frame, had to send it back as it was all wavey !.

 

[kiwi pom]

I suppose if more people were prepared to pay a larger premium for a local quality product they'd be ok?
Sounds familiar.

 

[Hooby Farmer]

We had some of this so called Chinese steel for a shed frame, had to send it back as it was all wavey !.

I've mentioned this before I think on another thread. One of the guys I'm friendly with is a steel erector, and finds, hard metals in beams all the time, like ball bearings.

 

[Sausage]

I had some 5x3 RSJ with ‘British steel’ rolled on it, not square and bent as a banana. Used it anyway as is only a stable, but was a bit disappointed in British quality.

 

[Cowabunga]

The steel plant concerned makes specialist steel for the electric industry. For electric motors, transformers, magnets and that kind of thing apparently. There is claimed to be massive overcapacity in the European area for that kind of metal, or so I think I read a few days ago somewhere.

 

[Still Farming]

Here we go again?
Well on news now TATA steel Port Talbot after 1.5 Billion AGAIN or jobs will go allegedly ?

How will Dripford Answer or Justify that to Farmers then????

 

[JP1]

Here we go again?
Well on news now TATA steel Port Talbot after 1.5 Billion AGAIN or jobs will go allegedly ?

How will Dripford Answer or Justify that to Farmers then????

Tonight he blamed it on UK Gov not responding to subsidy request from Tata to change to electric furnaces . So called Tata losing patience waiting and Kwatang saying decision would have to wait for new PM to decide

 

[bobk]

On last night's BBC Welsh news it was announced that
Tata are closing a steel plant with the loss of nearly 400 jobs
A company spokesman said they make specialist steel but only making
Profit in 2 years out of the last 10 and could not compete with imports especially from China

You need proper info , not gossip .

 

[roscoe erf]

The plant facing closure is at Newport
South Wales

they melt a lot of scrap metal there

 

[Still Farming]

Tonight he blamed it on UK Gov not responding to subsidy request from Tata to change to electric furnaces . So called Tata losing patience waiting and Kwatang saying decision would have to wait for new PM to decide

Always after money Sadjib Gupta Tata over the years?
Cheaper to pay dole possibly in long run?

 

[Moors Lad]

Some of these foreign owners seem to a bit on the sly side BUT it has to be said that successive British governments have NO interest in helping British industry and agriculture through rough times, and indeed they seem to delight in making both sectors jump through more and higher hoops than their competitors. SHORT SIGHTED LOAD OF W*NKERS the lot of them....

 

[SilliamWhale]

Some of these foreign owners seem to a bit on the sly side BUT it has to be said that successive British governments have NO interest in helping British industry and agriculture through rough times, and indeed they seem to delight in making both sectors jump through more and higher hoops than their competitors. SHORT SIGHTED LOAD OF W*NKERS the lot of them....

I think agriculture is helped through rough times. The interesting thing is that it seems to be that they don't want to so much anymore

 

[deleted user 837354]

These foreign companies buy up these plants for 5/8ths of fudge all then complain they aren't economic and need investment, then expect the government to cough it up.

 

[Pistonbroke]

One paper yesterday said the massive Ukrainian steel plant that was being fought over had many millions of pounds worth of steel ready for delivery to EU and UK. It had already been paid for and the ruskies have started hauling it to Russia instead

 

[Still Farming]

Some of these foreign owners seem to a bit on the sly side BUT it has to be said that successive British governments have NO interest in helping British industry and agriculture through rough times, and indeed they seem to delight in making both sectors jump through more and higher hoops than their competitors. SHORT SIGHTED LOAD OF W*NKERS the lot of them....

How much money stays in the UK when they pay them though?