Urban75 Home About Offline BrixtonBuzz Contact

SSI UK (Redcar steelworks) goes into liquidation. Loss of 1700 jobs

So you now agree that there are issues with Chinese steel production. Whether they are capable of producing quality steels to the relevant codes or not, the issue is that they currently aren't.

And I don't know why you're bringing the current German car scandal into this discussion. it's a different industry, and a different problem, and whilst there may indeed be parallels to be drawn, this isn't the thread for that discussion.
Oh for fuck's sake. Never mind eh.
 
Same thing is happening all over though, Ukraine, Turkey...France, Italy and Spain shaky...prices are falling in the EU...
 
Not sure if this really related but has anyone seen the signs in London on lamp posts advertising 'Cheap Steel.' An odd ad indeed. Has someone bought some knockdown load from China ?
 
Not sure if this really related but has anyone seen the signs in London on lamp posts advertising 'Cheap Steel.' An odd ad indeed. Has someone bought some knockdown load from China ?
could be a scrap load, could be stolen. Either way it's likely dodgy.
 
People in London want you to pay them £30 to get a car scrapped, last year the going rate was £200. Didn't realise this was the reason.
 
Government powerless to intervene in non-banking industry

THE government has confirmed there is absolutely nothing it can do to save the non-London-based steel industry.

As thousands of redundancies in Redcar are followed by hundreds more in Scunthorpe, the business secretary said he wishes there was something he could do.

Sajid Javid continued: “Tragically, the industry has been hit by a perfect storm of being in the provinces, traditionally supporting Labour and not being financial services.

“Add that to us not wanting to do anything that might offend our new Chinese friends, and there’s absolutely nothing we are prepared to do.

“If only these plants manufactured something useful, like insurance derivatives supported by credit default swaps, then we’d gladly go billions into debt for them.

“But steel? What’s that even for?”

Steelworker Roy Hobbs said: “People are over mass-produced steel anyway. I’m moving into artisanal hand-beaten bronze for the hipster market.”
 
Chinese steel imports are 8pc of uk imports. the EU has already put dumping tariffs on some chinese steel. Chinese steel producers are also going under. Nothing like a bit of foreigner-blaming to duck out of complex economic questions. typical unions/labour, just a bunch of shit capitalists.

what about the 20-25pc devaluation of the euro after QE making french german polish and spanish steel better value?

Chinese steel makers lost demand at home, their industry is huge, many times the size of the uk steel industry, so they want exports, but also so do russia ukraine turkey and loads more...

like refining, petchems, copper, gold, coal, crude there is too much production and not enough demand...and the best the labour movement can come up with is blaming foreigners like they did at Lindsey etc
 
You have to be careful slinging that one about though. Some do see it as a term of abuse and get pissed off about it. Teessiders don't give a shit about being called smoggies.
it's one of them though, where their ancestors have basically cursed their offspring for generations to come with their actions. Definitely piss taking, but.........;)
 
Is there a steel standard for commodity trading?

yes -ish- rebar, scrap and billet on the exchanges- usually referencing platts or published turkish grades and prices. Billet is preferred, so you do get detailed specs of quality etc. location premium n shit. OTC covers other stuff that falls outside.big boys like stemcor trade large volumes of standardised OTC stuff.

as eqgirl had commented on already, buyers will have specific grade, shape and location requirements and expect it to be delivered with the right chemical shit going on inside.
 
Last edited:
Your posts are actually quite insulting. I'm a professional engineer, I work in the industry. I'm not daft, I know what association bodies do. And I also know that there is a large body of evidence posting to widespread issues with Chinese steels that are being manufactured in such a way as to get round a specific export levy through manipulating the boron content.
No, they are not insulting, but you as an engineer and an expert on the industry mebbes it would be helpful to us if you could explain to us laypersons the "wide body of evidence" re; Chinese steel, but also ( my particular concern) how the Germans, French and Italians have managed to protect their steel/ aluminium industries, and to a lesser extent their shipbuilding and mining and other manufacturing capabilities?
While we have rolled over and closed ours quoting 'EU regs"
 
Northern Powerhouse Osborne?
You are having a laugh!
What's new?
This government will reward "hard working/ families/ people/ communities.
Every govt minister has mentioned "hard working" in their recent press statements, they are surely taking the piss
 
No, they are not insulting, but you as an engineer and an expert on the industry mebbes it would be helpful to us if you could explain to us laypersons the "wide body of evidence" re; Chinese steel, but also ( my particular concern) how the Germans, French and Italians have managed to protect their steel/ aluminium industries, and to a lesser extent their shipbuilding and mining and other manufacturing capabilities?
While we have rolled over and closed ours quoting 'EU regs"
the UK has glugged down the neoliberal coolaid to a far greater extent than any other country. For example, even the US refused to let dubai ports buy up their ports, whereas we've flogged off pretty much everything we possibly could to whoever comes up with the cash (borrowed or otherwise).

We open up all our big contracts fully, but also disadvantage our own industries by insisting on those contracts being PFI financed, meaning that the likes of Siemens have a huge advantage over more specialist UK engineering firms because they have the AAA credit rating and their own finance arm so can provide the finance at a far lower rate (but still higher than if the UK had borrowed the money directly and just issued the contract for the actual work itself).
 
This is fucking sad, I worked there when I was younger. So did a lot of people I knew and some still did. Fucked.
 
You have to be careful slinging that one about though. Some do see it as a term of abuse and get pissed off about it. Teessiders don't give a shit about being called smoggies.

'Monkey Hanger' been reclaimed and stripped of its pejorative power now.
 
'Monkey Hanger' been reclaimed and stripped of its pejorative power now.

Fair enough. Perhaps with the whole H'Angus the Monkey beating Mandleson to be Mayor changed minds. I did upset a cable gang by saying it once but that was twenty odd years ago. They looked proper hard fuckers too, as cable pullers generally do.
 
I know lads at the steel plants at Rotherham,Stocksbridge and Scunthorpe we were all apprentices at the same time.
Those at three of the works in Rotherham and Stocksbridge see the same steel in all three sites.
Made at Aldwarke in Rotherham the billets are then taken by lorry twenty odd miles to Stocksbridge, reheated and refined and then driven back to Thrybergh (next door to Aldwarke) for finishing in the banks. Where after finishing it needs demagnetising because the plant was built in line with earth's magnetic poles! It is the sometimes sent by rail to Scunthorpe.
Stocksbridge is only running up to nine hours a week at the moment, so they too are waiting for the hammer to fall, no pun intended.
There are going to be some very desperate times in the near future.
 
Funny, when it was Redcar in the NE the govt couldn't do nowt but suddenly when it happens in the midlands and Scotland and there is talk of prioritising govt infrastructure to prioritise buying British steel?

Where is the talk of that? All I've heard is the Tories committing to help re-train redundant workers (for zero hours/minimum wage jobs) and Labour saying it's all very sad. Who is saying:

1. Re-nationalisation should be considered
2. As an immediate step - and to protect the furnaces - state aid should be used to protect all impacted sites. Given the price of steel and the dumping of cheap steel the Government should expect the owners to hand each site over without compensation.
3. Use of all sites to promote apprenticeships and new skills
4. Use of UK infrastructure projects to help planning etc

Incidentally, when Round Oak, Bilston and Patent Shaft in the West Midlands were shut and then literally blown up by the Thatcher Government it meant sites like Redcar survived. My dad was a shop steward at the Patent Shaft and met workers from the North East, Yorkshire and Scotland at the time to discuss strike action, occupation and a campaign to save all of the sites. A bit of the same solidarity now is needed - not regions complaining that others are getting favorable treatment.
 
Back
Top Bottom