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  1. beorhthelm

    Nationalise Port Talbot?

    so today parliament returns and by coincidence Tata releases a prospectus for possible buyers. as Corbyn was asking for parliament to be recalled to discuss this matter so urgently, i wonder if this will be the top of his agenda today, or he'll be focusing on other events?
  2. beorhthelm

    Nationalise Port Talbot?

    practices like tariffs and subsidies? :rolleyes: so you want to help protect UK business and industry and dont like the market, at least try to be logically consistant about it. history also tells us it was suspend of natural markets in an attempt at social engineering in US housing, along...
  3. beorhthelm

    Nationalise Port Talbot?

    really not sure what Corbyn, you and 109,998 others think a recall of Parliament will achieve. a company has announced it intended to sell off some of its businesses. this isnt going to happen imminently and can wait until Monday week when Parliament will return. in the meantime rather than...
  4. beorhthelm

    Nationalise Port Talbot?

    i agree with the principle of strategic planning, but the Guardian piece doesn't actually address the question about how German steel industry survives, it goes off on a tangent about broader economic strategy. maybe if we didnt impose carbon taxes and worked around other regulations, some of...
  5. beorhthelm

    Nationalise Port Talbot?

    if upgrading such a plant were feasible, im sure it would have been done a long time ago. the point to focus on is what is in the interest of national security, strategic steel making capacity or this steel plant in particular. if the latter is incompatible with the former, it may have to be...
  6. beorhthelm

    Nationalise Port Talbot?

    Scotland, or elsewhere in the UK. defense is strategic and cost is a lower priority. military kit is expensive and the main cost are in the fitting anyway.
  7. beorhthelm

    Nationalise Port Talbot?

    on the other hand, should we keep inefficient, antiquated factories open just for the sake of it? its been highlighted here that the product of Port Talbot might not be up to scratch, elsewhere i have read the plant in question is older blast furnace that are more expensive and less flexible...
  8. beorhthelm

    Nationalise Port Talbot?

    no. the most the EU can do is raise tariffs (well they could impose outright restrictions but then WTO rule problems). and in this case simply raising tariffs on Chinese imports would not increase the price of domestic produce as the world market would still be suppressed, while increasing the...
  9. beorhthelm

    Nationalise Port Talbot?

    its not just the Chinese but Russia and other producers. years ago there was massive demand and prices rocketed, as that capacity came on line, its coincided with the demand falling. so lots of factories have to output at a loss to get the revenue coming in to pay for overheads (while getting...
  10. beorhthelm

    Nationalise Port Talbot?

    not just the Chinese (and other nations) dumping at below their cost is depressing prices, the artificial costs for energy and other issues imposed on the industry make the economics complicated.
  11. beorhthelm

    Nationalise Port Talbot?

    two profitable banks (and a building society) where propped up because their balance sheets made them technically insolvent, and other banks extended additional loan guarantees (not funds), at cost, as their collapse would have a direct, material affect on others. so stop using this as an...
  12. beorhthelm

    Nationalise Port Talbot?

    i think there should be a serious consideration of maintaining a strategic capacity to manufacture steel, with any plan focusing on that rather than "save n jobs", which doesn't address any problems. not that the jobs don't matter, just that it creates a false impression of the problem, cost...
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