Steel yourself

RAENORTH · **Posted:** Fri Feb 25, 2011 1:58 am

The Corus Teesside Cast Products site in Redcar has been sold, ending an unhappy chapter in the history of a plant which was opened by the Queen and ended up being owned by Tata Steel.

They have now disposed of the business in a deal which is said to value it at $469 million dollars (£291 million) – another sign that the world has gone barking mad, when Arianna Huffington's little empire was recently sold for $315 million.

View full article here

WilliamGruff · **Posted:** Fri Feb 25, 2011 2:49 am

What was the point of this post?

Everything worth saying about steel in England was said thirty years ago, by people derided as ignorant or revolutionary. What is happening now was forewarned then. Steel is a 'done deal'. STFU and take it.

Jonathan · **Joined:** Tue Jan 18, 2011 7:52 pm **Posts:** 542

In the post you mention The Huff. I predict it will be worth under $5000 by the November 2012.

gareth · **Joined:** Wed Jul 23, 2008 12:59 pm **Posts:** 1862

First there was anal leakage now...

carbon leakage!

SSI reassured over carbon limits for Redcar plant

Quote:

A spokesperson for the Department of Energy and Climate Change said rules for free allocation of allowances to installations were agreed by EU member states in December.

“During the meeting, Greg Barker emphasised that these rules provide for installations that expand production capacity to have access to an increased level of free allocation, subject to certain minimum criteria for expansions.”

Under EU rules, steel producers in the EU receive 100% of their allowances for free – but only up to a benchmark based on the 10% most efficient European installations.

The sector was deemed to be at “significant” risk from “carbon leakage” – when energy-intensive industries move operations to less regulated countries outside the EU to remain competitive.

Why bother with the carbon credit regime at all when it can be diddled in this way? Looking the other way to create/protect jobs demonstrates that they aren't committed to the idea of reducing carbon dioxide emissions. They have set up a stream of revenue and begun exempting those industries and businesses that can successfully lobby for special treatment.

A couple more articles from the same site:

£600m investment plan by new owners of TCP

SSI and Tata Teesside steel deal is signed

WilliamF · **Joined:** Wed Dec 08, 2010 2:03 pm **Posts:** 194

Richard
Didn't TATA close Redcar to be able to transfer the carbon credits to its Indian plant?
If so are the Thais, who really do need their heads examined, going to bring those credits back from India thus leaving TATA at a distinct carbon disadvantage or is this a sign the carbon scam is dying if not yet dead?

RAENORTH · **Posted:** Fri Feb 25, 2011 4:24 pm

WilliamGruff wrote:

What was the point of this post?

Everything worth saying about steel in England was said thirty years ago, by people derided as ignorant or revolutionary. What is happening now was forewarned then. Steel is a 'done deal'. STFU and take it.

One occasionally has to mark the passing of events ...

DerekReynolds · **Joined:** Sun Aug 29, 2010 12:41 pm **Posts:** 241

What is it we are supposed to be "taking"? A battering from the thief Pachauri in closing the TATA plant and scoring the scam that is carbon credits? Or allowing Orientals to enter and under the guise of "passionate about steel" let another lot repeat the process? And all we can do is sit by and watch as the EU (remember them - EUReferendum?) apply their swingeing directives at home administered and owned industry thereby quashing us into further submission?

It's worse than buying cat food for the cat, and being forced to feed those in another County, starving one's own.
We know it goes one - lest we forget.

euSSR Go Home · **Joined:** Sun Aug 29, 2010 2:03 pm **Posts:** 437

I've heard a rumour that the mighty Industrialists of the Far East consider the natives of this island to be good workers. We should, of course, be honoured; let us respond with all the humility and meekness so extolled by our latest set of masters. They are, themselves, so good at modesty. PDT_Armataz_01_20

And so. Back to Dr. N's "[frog term] all over again."

cause4concern · **Joined:** Mon Jun 16, 2008 5:29 pm **Posts:** 307

TATA, another gatekeeper. I thought I had finally grown up once I realised that everything was owned by somebody else. I didn't.

Steel yourself

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