Downing Street has refused to rule out further Chinese involvement in British Steel as Beijing warned against “politicising” trade.
The government was forced to take direct control of the company after concerns that its Chinese owners would not keep the Scunthorpe plant running.
No 10 is “confident” that raw materials, including coking coal stored at the Port of Immingham in Lincolnshire, will now be delivered to the furnaces in time to keep them operational.
The government is working with British Steel to identify further raw materials needed “to keep the furnaces burning”, it added.
Sir Keir Starmer’s spokesman said ministers were now looking for a private sector partner to co-invest in the site.
the_real_orange_joe on
the labor government should realize that a new, meaner world has emerged. China is desperately trying to counter American tariffs while simultaneously trying to counter the long growing weakness in their economy. This will probably mean dumping products into europe.
if the Chinese are able to kill a european steel plant (likely to be used by their political enemies) — they will.
The UK needs the strategic autonomy and industrial base these forges provide.
GrizzledFart on
How about if the UK instead changes the policies that caused steel making to be completely unprofitable in the UK in the first place? Seems like a start, at least. If energy prices are 4 times what they are in China or India (because they use primarily coal and their countries haven’t imposed costly energy regulations), and steelmakers also have to pay for carbon offsets on top of it (that Chinese or Indian steelmakers don’t have to pay), they will simply not be able to compete on the price of the steel that they make. **It is that simple.**
Politicians in the UK want to have it both ways; they want the UK to be able to show off its low CO2 emissions while at the same time not force their people to actually pay the costs associated with that (most people don’t realize just how brutal those costs would actually be) – so like most Western countries, they simply offshore their CO2 emissions and buy the industrial products that require large expenditures of CO2 to other countries that don’t give a crap about emissions, killing their own industries (and economic well-being) in the process.
HeartyBeast on
Seems sensible. If you have another non-Chinese bidder, you don’t want them to know China isn’t a contender- even if you have no intention of China being a contender
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***From The Times:***
Downing Street has refused to rule out further Chinese involvement in British Steel as Beijing warned against “politicising” trade.
The government was forced to take direct control of the company after concerns that its Chinese owners would not keep the Scunthorpe plant running.
No 10 is “confident” that raw materials, including coking coal stored at the Port of Immingham in Lincolnshire, will now be delivered to the furnaces in time to keep them operational.
The government is working with British Steel to identify further raw materials needed “to keep the furnaces burning”, it added.
Sir Keir Starmer’s spokesman said ministers were now looking for a private sector partner to co-invest in the site.
the labor government should realize that a new, meaner world has emerged. China is desperately trying to counter American tariffs while simultaneously trying to counter the long growing weakness in their economy. This will probably mean dumping products into europe.
if the Chinese are able to kill a european steel plant (likely to be used by their political enemies) — they will.
The UK needs the strategic autonomy and industrial base these forges provide.
How about if the UK instead changes the policies that caused steel making to be completely unprofitable in the UK in the first place? Seems like a start, at least. If energy prices are 4 times what they are in China or India (because they use primarily coal and their countries haven’t imposed costly energy regulations), and steelmakers also have to pay for carbon offsets on top of it (that Chinese or Indian steelmakers don’t have to pay), they will simply not be able to compete on the price of the steel that they make. **It is that simple.**
Politicians in the UK want to have it both ways; they want the UK to be able to show off its low CO2 emissions while at the same time not force their people to actually pay the costs associated with that (most people don’t realize just how brutal those costs would actually be) – so like most Western countries, they simply offshore their CO2 emissions and buy the industrial products that require large expenditures of CO2 to other countries that don’t give a crap about emissions, killing their own industries (and economic well-being) in the process.
Seems sensible. If you have another non-Chinese bidder, you don’t want them to know China isn’t a contender- even if you have no intention of China being a contender