There are two massive projects that have commenced in the UK that require large amounts of steel.
HS2 the high speed rail line that should use steel rails made in Scunthorpe as well as steel for other structures.
Then there is the Sirius Minerals potash mine in Yorkshire that has already placed orders for steelwork the new mine requires mining equipment and the twenty three mile long conveyor to transport the potash to the former Redcar Steel Works dock on Teeside for processing and export.
The idea that steel may have to be imported to alter the former Redcar Steel Works Dock for its new use is laughable, particularly if a tariff has to paid it.
“If you don’t have steel, you don’t have a country,” President Trump said when he slapped a 25% tariff on steel imports into the USA, which includes steel made in the UK.
There was a pretty stupid discussion on the Jeremy Vine show this week asking if the government should save Jamie Oliviers Restaurant rather than British Steel, you cannot have retailers with shops and websites or businesses such as pubs and restaurants unless you have people such as those in Scunthorpe earning money that can be spent taking their families out with money in their pockets.
Maggie Thatcher was happy to let UK heavy industries and manufacturers go to the wall because we could have a new future as “The service providers to Europe” she must be turning in her grave at the prospect of crashing out of Europe, the future of the UK lay within the EU as far as she was concerned and was not concerned about crippling UK industry with high interest rates that stopped investment.
In the brave new post Brexit UK if there is not a economic base of heavy industry and manufacturing the rest of the economy will wilt and die
The Sirius Minerals project may contribute £2.3 billion a year to the UK GPD one of the recent investors who now own a significant part of the company is the Norwegian State Wealth Fund it is going to be contributing to state pensions in Norway when it is up and running as well supporting UK pensioners and state funded services.
Projects such as this are vital to the future of the UK, but because the news is filled with Brexit stories most of the people in the UK don’t even know about it. The sooner all this Brexit stupidity is stopped so that the government and people can focus on really getting on with building up the UK economy and becoming the major player within the EU the better.
Nationalisation and government grants to support British Steel are not going to help to get the steel and products made with it into the USA, Trump will just raise the tariffs above the current 25% or ban them altogether.
I not sure what the answer is other than creating a healthy economy with manufacturers that will buy British Steel, but I cannot foresee that happening at the moment.
There are two massive projects that have commenced in the UK that require large amounts of steel.
HS2 the high speed rail line that should use steel rails made in Scunthorpe as well as steel for other structures.
Then there is the Sirius Minerals potash mine in Yorkshire that has already placed orders for steelwork the new mine requires mining equipment and the twenty three mile long conveyor to transport the potash to the former Redcar Steel Works dock on Teeside for processing and export.
The idea that steel may have to be imported to alter the former Redcar Steel Works Dock for its new use is laughable, particularly if a tariff has to paid it.
“If you don’t have steel, you don’t have a country,” President Trump said when he slapped a 25% tariff on steel imports into the USA, which includes steel made in the UK.
There was a pretty stupid discussion on the Jeremy Vine show this week asking if the government should save Jamie Oliviers Restaurant rather than British Steel, you cannot have retailers with shops and websites or businesses such as pubs and restaurants unless you have people such as those in Scunthorpe earning money that can be spent taking their families out with money in their pockets.
Maggie Thatcher was happy to let UK heavy industries and manufacturers go to the wall because we could have a new future as “The service providers to Europe” she must be turning in her grave at the prospect of crashing out of Europe, the future of the UK lay within the EU as far as she was concerned and was not concerned about crippling UK industry with high interest rates that stopped investment.
In the brave new post Brexit UK if there is not a economic base of heavy industry and manufacturing the rest of the economy will wilt and die
The Sirius Minerals project may contribute £2.3 billion a year to the UK GPD one of the recent investors who now own a significant part of the company is the Norwegian State Wealth Fund it is going to be contributing to state pensions in Norway when it is up and running as well supporting UK pensioners and state funded services.
Projects such as this are vital to the future of the UK, but because the news is filled with Brexit stories most of the people in the UK don’t even know about it. The sooner all this Brexit stupidity is stopped so that the government and people can focus on really getting on with building up the UK economy and becoming the major player within the EU the better.
Nationalisation and government grants to support British Steel are not going to help to get the steel and products made with it into the USA, Trump will just raise the tariffs above the current 25% or ban them altogether.
I not sure what the answer is other than creating a healthy economy with manufacturers that will buy British Steel, but I cannot foresee that happening at the moment.
