Loads of mills shutting in China the source of over capacity problem

Massive rust belt forming in the industrial towns such as Tangshan, will leave potentially millions unemployed.

However that should help reduce the over capacity issue, but will take time.

The U.K. Mills are unlikely to be profitable for a long time and with no protectionist policies allowed in the E.U there isn't much that can be done, unless a commodities house wishes to take a punt like they have done with the Scottish Mills.

Not sure privatisation would work, what's the point of making something when there is no market?

Posted By: Ken Breadstick on March 30th 2016 at 21:56:09

Message Thread

British Steel Industry... what should be done? (n/m) (NCFC) - Larry Hagman, Mar 30, 21:25:17
- On Newsnight "Nobody available from the government available!, Tories hold the record! (n/m) (NCFC) - DrDublin, Mar 30, 22:58:49
- Just to add........................ (NCFC) - Larry Hagman, Mar 30, 22:15:17
  - China mills at 2/3rds capacity (NCFC) - Ken Breadstick, Mar 30, 22:41:06
    - USA charges huge import tariffs on Chinese steel, UK govt against doing so (n/m) (NCFC) - Larry Hagman, Mar 30, 22:44:41
      - No...they tax 5 companies highly not all Chinese steel. (NCFC) - Sonic, Mar 30, 22:50:12
        
        USA has a tax on the corrosion-resistant steel from China (NCFC) - Larry Hagman, Mar 30, 23:04:47
        
        So you agree and have stopped making out its on all steel (n/m) (NCFC) - Sonic, Mar 30, 23:08:04
        
        UK gov have been against higher EU tariffs on any Chinese steel (n/m) (NCFC) - Larry Hagman, Mar 30, 23:10:56
      - I would have supported greater import tariffs on Chinese steel... as the USA has done... (n/m) (NCFC) - Larry Hagman, Mar 30, 22:48:18
  - Increasing the tariff wouldn't help. It would just create retaliatory tariffs and (NCFC) - Sonic, Mar 30, 22:32:25
    - Works in the USA............... (n/m) (NCFC) - Larry Hagman, Mar 30, 22:40:15
    - Details.. (n/m) (NCFC) - lurd, Mar 30, 22:37:49
- Loads of mills shutting in China the source of over capacity problem (NCFC) - Ken Breadstick, Mar 30, 21:56:09
- Nigel. (NCFC) - bird table, Mar 30, 21:48:01
  - Cloudbusting (n/m) (NCFC) - Men without hats, Mar 30, 22:36:13
- Off shore it. (n/m) (NCFC) - tudders, Mar 30, 21:46:06
  - It would sink you fool - steel is heavy (n/m) (NCFC) - Jumbo1, Mar 30, 21:47:16
    - You could make it boat shaped. (n/m) (NCFC) - tudders, Mar 30, 22:18:35
- scrap the environmental taxes (NCFC) - CWC, Mar 30, 21:33:44
- Crowdfunding (n/m) (NCFC) - Jumbo1, Mar 30, 21:28:56

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