Should the government do more to help the steel industry or....

Soldato
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Problem with the green taxes is that you're stuck between a rock and a hard place. On the one hand people want active measures to try and reduce green house gases/global warming but on the other hand want industry to survive and thrive.
Unfortunately sometimes the two don't go together.

Would these be the green taxes that the unions voted for?

How ironic!
 
Associate
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I work in Tata steel Llanwern, I don't know an awful lot about the economics of it all but from what I've heard the government could at the least stop the Chinese imports somewhat, which may not solve the issue but it would help.
The management of the steel works could probably do with some improvement. I might be biased by local opinion but I've heard Llanwerns hotmill can roll certain products that Port Talbot can't. So they mothball Llanwern and cancel high value orders. (again, most of this I've heard from people in Llanwern who may just be arguing for their own jobs)
 
Soldato
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depends on what part of it, mass producing cheap steel inst something we can compete with again. but maybe the government investing in a forging company or specialist engineering alloy production company to allow us to do even larger scale reactor components/vessels could be an excellent idea.

especial when at the upper end of the scale there is only Japan steel that can make stuff.

+1

This country cannot maintain mass production industries but following the German model of highly skilled and specialised industries that are perhaps smaller and more niche but lucrative is the sensible approach as they cannot outsource the real quality.

It's a shame it is dying, a huge shame, but it is inevitable.
 
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The government should help by ending all regulations in the industry to encourage investment. Outside of that not much they can do. If a bank is not willing to lend to a bunch of skilled labourers up north in starting their own small steel business off the backs of collapse then it's probably not viable enough for the state to lend the money either. The state could do a lot in reducing costs but as it's energy intensive they can't solve it. It's too far gone and instead of people seeing it's all the state involvement that pushes up local costs making it non viable they blame capitalism.
 
Soldato
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Haven't been following this much but heard a guy on radio complain of Chinese state subsidies allowing them to sell at a loss. When asked for the solution he suggested tax breaks in the UK with not a hint of irony.
 

SPG

SPG

Soldato
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Maggie still lives on....

To hell with UK politics, the only interest every single UK government has had since the late 70`s is the banking sector. Everything else is just a side show. Banks failing here have some QE maybe into the billions.

Industry fails sorry nothing we can do to help but send you on some "how to get a job course and write a nice CV"

Total lack of protection for any manufacturing in this country is a disgrace. All we can do is assemble bit of "stuff" manufactured on the other side of the world. We more or less invented nuclear power yet we cant even build our own without investment from China or elsewhere and then a a rip-off price per KW once built.

Infact its beyond a disgrace its a bloody criminal.
 
Caporegime
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Haven't been following this much but heard a guy on radio complain of Chinese state subsidies allowing them to sell at a loss. When asked for the solution he suggested tax breaks in the UK with not a hint of irony.

Not unreasonable, when you're dealing in global trade then two wrongs do make a right. The video games industry managed to negotiate successfully for UK tax breaks because Canada was giving games studios there tax breaks. Of course, I don't know how tax breaks are going to help the steel industry if they aren't making a profit to begin with.
 
Soldato
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I can say if port Talbot closes, their will be no point staying in south Wales as it'll be desolute as all the economy is based of the steel/ tin plate works.

I think everyone in the craft sector is looking at working abroad
 
Caporegime
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It's going to likely be a long time before steel becomes viable in the form of the plant that closed.
Seems to make sense to me. It's not profitable.. It dies if it doesn't evolve. Much like in nature.

I can't see how it's fair that one industry gets support where another doesn't.
It's brutal and sad, but you can't prop everything up

And you just can't compete with foreign labour + plunging commodities.

I don't really buy the argument.. We will need it in X years time
 

JKD

JKD

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We should let it fail. Simple commercials no longer stack up.

No one jumped in to bail out the legal and IT workers when the bottom fell out the mortgage market in 2008 so why is this different?
 
Soldato
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Doesn't matter anymore, the government has made up its mind port Talbot is on single furnace single converter operations. A generation of hard workers left to be ****ed down the drain.

Can't wait to go on the dole fighting for 20 jobs against 140 other people. I hate the Tories
 
Soldato
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[TW]Fox;28708731 said:
Why does everyone just blame the government for everything? I don't get it. Are you honestly unable to see quite how many factors there are at play here?

How many factors, quite a big common factor the Tories shut down the mines around the area I grew up and did **** all investment in the area.
The valleys are a European area of depression, there's a reason why the valleys has a stupidly high sucide rate.

If we were donating to the party I.e. bankers wed be bailed out till the upturn in the market but because we vote labour we get ****ed over by rich 'im alright jack' *****.

Don't worry I can't wait to be called doley scum, even though I have worked harder than any of these ***** in offices, in conditions people couldn't believed. It not like the pay was that good either, I hope people enjoy paying through the nose for cheap ****** quality steel.
 
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Sajid Javid just questioned whether the state would actually be allowed to give aid to the steel sector.

I don't remember the same question being asked when the banks were in a mess.
 
Man of Honour
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Not that I want to derail the blame the Tories for everything party but wasn't it a Labour government that oversaw the bank bailout, not a conservative one?
 
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[TW]Fox;28708780 said:
Not that I want to derail the blame the Tories for everything party but wasn't it a Labour government that oversaw the bank bailout, not a conservative one?

They did, but the idea that Javid was putting out was that they might not be able to.

About £200 billion was overseen by the coalition.
 
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