Turn on thread page Beta

Steel Crisis watch

Announcements
    Offline

    3
    ReputationRep:
    (Original post by L i b)
    The question then surely arises: why aren't we? Why does it seem that the steel industry cannot operate profitably in many of the plants that are likely to close?
    Cost of operations - Tata is, after all, an MNC with manufacturing operations in 26 countries around the world (according to wikipedia). Hardly makes sense to produce high-grade steel in the UK when it can be done for far cheaper and equally well (I think) in places like Australia, China, India, and Singapore.
    Offline

    20
    ReputationRep:
    (Original post by L i b)
    The question then surely arises: why aren't we? Why does it seem that the steel industry cannot operate profitably in many of the plants that are likely to close?
    Expensive UK safety standards
    Expensive UK environmental standards
    Expensive UK living costs for workers

    probably we could compete better if we killed and crippled more workers, poisoned our environent and had a population which accepted having to live unheated shacks.
    • TSR Support Team
    Offline

    20
    ReputationRep:
    TSR Support Team
    (Original post by paul514)
    Obviously


    Posted from TSR Mobile
    Doesn't look like it.
    • TSR Support Team
    Offline

    20
    ReputationRep:
    TSR Support Team
    (Original post by L i b)
    The question then surely arises: why aren't we? Why does it seem that the steel industry cannot operate profitably in many of the plants that are likely to close?
    I'm not sure if it's all that simple to convert a plant that produces semi-finished products into one which produces higher grade finished products. I'm not sure how efficient the UK steel industry operates; whether it's still deliberately inefficient or whether it is a highly lean enterprise. I'm not sure if we have the current facilities or enough of the right skills.

    Commodity prices can rise and fall very rapidly - far more rapidly than industry can respond. Maybe in a decade or two we will have smaller plants producing enough of the grades of steel we need for our own manufacturing industries.
    Offline

    21
    ReputationRep:
    (Original post by scrotgrot)
    Now, this is all well and good, I love productivity. But what I don't get about your sort is you then turn around and say it's bad that we then have a lot of people unemployed and they must be lazy etc.
    Opportunities are everywhere. We want business owners and everybody working at least a part time job.
    Offline

    16
    ReputationRep:
    (Original post by Rakas21)
    Opportunities are everywhere. We want business owners and everybody working at least a part time job.
    What is there for them to do if all the industries are becoming more productive? There is no joined-up thinking on this from anyone on the right. Always the mythical jobs tree.

    Part time jobs are fine as long as people get a full time wage, i.e. the benefits of higher productivity accruing to everyone, not just business owners and management
    Offline

    15
    ReputationRep:
    (Original post by Little Toy Gun)
    Thank you Baroness Thatcher.
    repped.
    Offline

    20
    ReputationRep:
    (Original post by HucktheForde)
    repped.
    Thank you HucktheForde.
    Offline

    20
    ReputationRep:
    (Original post by Rakas21)
    Opportunities are everywhere. We want business owners and everybody working at least a part time job.
    SO is the natural rate of unemployment considered bogus economics now?
    Offline

    20
    ReputationRep:
    (Original post by scrotgrot)

    Part time jobs are fine as long as people get a full time wage, i.e. the benefits of higher productivity accruing to everyone, not just business owners and management


    Mature Student , how's that for invoking The Hawking?
    Offline

    21
    ReputationRep:
    (Original post by ChaoticButterfly)
    SO is the natural rate of unemployment considered bogus economics now?
    In a pure free market of course we'd always have unemployment (and indeed the fact we have low skilled immigration almost guarantees it). Personally however i'm not adverse to taking those unemployed for 12 months and conscripting them (those under 30 of course).
    Offline

    21
    A new recession is on the way. Recessions always start with one industry going for a burton, triggering a chain reaction and then everybody is skint.
    Offline

    21
    ReputationRep:
    (Original post by Laomedeia)
    A new recession is on the way. Recessions always start with one industry going for a burton, triggering a chain reaction and then everybody is skint.
    When service sector firms start going bust i'll worry but actually the number of UK firms reached a record high last month. We're fine for now.
    Offline

    15
    ReputationRep:
    (Original post by ChaoticButterfly)


    Mature Student , how's that for invoking The Hawking?
    not to sound like a marxist due to its taboo but this is pretty much what marx predicted in the communist manifesto and das kapital.

    tho we must consider the fact that even if machine produce everything there still will be a demand for human workers to repair, build and maintain the machine.

    and rich people cannot become rich if everyone is too poor, they need the middle class to be rich enough to buy their product. so classes are interdependent.
    Offline

    19
    ReputationRep:
    (Original post by Laomedeia)
    A new recession is on the way. Recessions always start with one industry going for a burton, triggering a chain reaction and then everybody is skint.
    ...yet most of the time when certain industries are struggling for specific reasons, there's no recession that follows.
    Offline

    12
    ReputationRep:
    It's China's fault.
    Offline

    10
    ReputationRep:
    (Original post by United1892)
    It's China's fault.
    guess who's on a visit to the UK..
    Offline

    3
    ReputationRep:
    (Original post by Bupdeeboowah)
    Cost of operations - Tata is, after all, an MNC with manufacturing operations in 26 countries around the world (according to wikipedia). Hardly makes sense to produce high-grade steel in the UK when it can be done for far cheaper and equally well (I think) in places like Australia, China, India, and Singapore.
    I still find it hard to believe that shipping material from the other side of the world is still cheaper than making it in the
    Market.
    Offline

    3
    ReputationRep:
    (Original post by United1892)
    It's China's fault.
    There's a lot of things and people at fault.
    Offline

    15
    ReputationRep:
    (Original post by MatureStudent36)
    I still find it hard to believe that shipping material from the other side of the world is still cheaper than making it in the
    Market.
    well it is. thats what international trade is about.
 
 
 
Poll
Do you think parents should charge rent?
Useful resources

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.