With GOT Toronto Raptors King Of The East Kawhi Leonard shirt a sharp rise in tariffs expected from China, I think it would be wise to get more money invested in our own steel industry even to the point of a re-nationalised industry. Steel is the building blocks of our future. We need to be more self-sufficient and less dependent on others. Germany does not help the competitive industry with the billions it puts into the German steel industry one of the main reasons the competitive market is failing.
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Except for the GOT Toronto Raptors King Of The East Kawhi Leonard shirt type of steel that they make in Scunthorpe will not be required when all the car manufacturers have moved to the EU to avoid tariffs. They will be buying German Steel at zero tariffs in future – welcome to Brexit Britain. Invest yes but nationalise no just opens the door for unreasonable wage demands and strikes if they don’t get what they want and corruption. Not that it isn’t happening already it will just accelerate as it did in the 70s and end up pricing ourselves out of the market and labour are lying about nationalisation the EU won’t allow it as it isn’t a fair competition.
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Globally approx. 60pct of steel is produced by recycling scrap. There is also the possibility to import and make it from iron briquettes produced by direct reduction. Cheaper overall than using ore. Who is going to pay for all the recycling infrastructure and how long would that take. You’ll be telling us we need to open the coal mines next. This may come as a shock to you but this now tiny island which was stripped of its manufacturing and industry by Thatcher will be a sad little sitting duck for the likes of Putin Trump and China.
Actually no I’m GOT Toronto Raptors King Of The East Kawhi Leonard shirt not wrong because there isn’t a single active iron mine in the UK. What you are saying is there maybe? is 600 iron deposits. I actually have a background in exploration geology admittingly in gold not iron but I can tell you a deposit is a million miles away from working commercially viable mine.
