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Port Talbot... you are finally free, be part of the new proud GREAT BRITAIN.... ah bollox !
https://uk.finance.yahoo.com/news/tata-steel-bidders-cold-feet-133806135.html
😀
If it was even remotely profitable it would be fought over and probably sold ages ago, that's how business works.
Whether we're in the EU or not has very little to do with it.....unless potential new buyers were hoping the EU was going to subsidise their nice little purchase, in which case it's not really a business is it if governments and grants are having to keep something limping along while providing a very nice backhander for the new owners?
Fact is it can't compete with cheap global steel.
Fact is it can't compete with [s]cheap global steel.[/s] state subsidised steel sold below cost value
FIFY
Of course, the EU were trying to apply tariffs to stop this, but David Cameron vetoed it!
Actually it can compete if it was a level playing field, British made steel is MUCH higher quality and has traceability unlike Chinese steel. A lot of places will only use British products. Don't write it off yet. Brexit is not good but I truly believe with the right buyer it can go forward. Ideally a management buy out.
But without a tariff free European market (which we've just torpedoed), who would buy it? It will be 2+ years before anyone knows what the deal will be into the EU for steel (or anything). You could be buying it only to find out, in 2 years, you have punitive tariffs and can only sell in the UK..
Brexit uncertainty has killed any chance of anyone taking it on.
But Britain is Great again. Our trade will improve. We'll be doing more business around the globe. VL told us so...
Never mind steel jobs - we've got our country back!!!
Not sure if any of you are linked with Port Talbot or even Tata steel but I am as an employee.
British steel is great quality as mentioned and the place isn't as bad as portrayed in the media. Loads of life left in the old girl yet.
Still, it's great to see the place is still in people's minds.
I was an employee of Corus, redundant because of plant relocation, Port Talbot is a dead man walking. Tata will just shift production to Ijmuden.
If PT is to have a future the current political situation needs to be sorted NOW, leaving it till October is really not an option.
Do i believe Westminster gives a s***? No not really.