I would like someone that knows about this to join into tbh.
The biggest mitigating circumstances I heard that the dalzell plant could only manage about 1/3rd of the capacity of the steel required and that even if they did, they would have made a loss on it.
tbh, with chinese steel, it’s a grim market for UK companies. We could subsidize them, but it’ll be long term subsidy in the face of Chinese steel and europeans also subsidizing their steel indistries.
It’s grim yip. And tbh, I don’t expect it to be the last. China is getting bigger and bigger. And with it’s cheap labour, it’ll become harder and harder to compete as the years go by.
It’s an utter ****. but what can you do in the face of that, subsidise or diverge/inovate into new industry is probably the only options.
As, just an opinion, but t just seems like a pretty grim situation all round.
i can’t really blame the Scottish government for it. it’s just a consequence of global economics.