FabSwingers.com > Forums > Politics > Steel Production to end in UK
Steel Production to end in UK
Jump to: Newest in thread
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.
🤦♂️🤦♂️🤦♂️ |
Reply privately, Reply in forum +quote
or View forums list | |
"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. |
Reply privately, Reply in forum +quote
or View forums list | |
Export Market:
The UK is a major exporter of scrap metal, with a significant portion of the UK's scrap steel being exported, primarily to developing countries for sorting and recycling.
Domestic Demand:
While the UK exports a large amount of scrap steel, the domestic steel industry is also reliant on recycled steel.
Benefits of Recycling:
Recycling steel saves resources, reduces energy consumption, and decreases greenhouse gas emissions compared to producing steel from virgin materials.
But if you want to build Tanks you need better Quality materials. |
Reply privately, Reply in forum +quote
or View forums list | |
"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.  |
Reply privately, Reply in forum +quote
or View forums list | |
 |
By *ony 2016Man 2 weeks ago
Huddersfield /derby cinemas |
During the Brexit fiasco , I recall the Scunthorpe Conservative Brexit supporting MP getting flustered when she was asked on local radio " is selling British Steel to either the Indians or Chinese really taking back control?" I remember her sounding quite angry , I don't recall her exact answer but was probably something to do with flying the union jack outside Scunny McDonald's  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *yth11Couple 1 week ago
newark |
"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. |
Reply privately, Reply in forum +quote
or View forums list | |
I grew up in Scunthorpe after Manchester steel was closed down, and my dad lost his job on the blast furnace. Built in the 1970s the then called Appleby Frodingham steelworks was the only plant to survive in the 80s. Recently they closed two blast furnaces, as the one remaining would burn oxygen instead of coal.
As for the Chinese, (not all of them obviously), they have been dumping their cheap steel all over the world for some time now. Agh!! |
Reply privately, Reply in forum +quote
or View forums list | |
"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.. |
Reply privately, Reply in forum +quote
or View forums list | |
"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.."
 |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *otMe66Man 1 week ago
Terra Firma |
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. |
Reply privately, Reply in forum +quote
or View forums list | |
"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 |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *otMe66Man 1 week ago
Terra Firma |
"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. |
Reply privately, Reply in forum +quote
or View forums list | |
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.
|
Reply privately, Reply in forum +quote
or View forums list | |
"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.. |
Reply privately, Reply in forum +quote
or View forums list | |
"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. |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
