BURIED Steel News.
This is what is happening while #Cameron dispenses platitudes:
German newspaper Rheinische Post has reported that Tata Steel is in advanced talks to buy a stake in Thyssenkrupp’s Steel Europe, sending shares in Thyssenkrupp 5.2 percent higher to the top of Germany’s DAX index …………Thyssenkrupp declined to comment, as did a European spokesman for Tata Steel.
Tata Steel wants to dump Port Talbot and get into bed with our German friends.
So much for DC’s negotiating skills.
Cameron talking Steel.
The government is “doing everything it can” to save thousands of steel jobs – but there are “no guarantees of success”
The situation at Port Talbot is of “deep concern” and “steel jobs are vital” to workers’ families and the communities.
A “more nuanced” solution is needed in recognition of the global oversupply of steel
“Just continuing to produce steel for which there is not adequate demand isn’t the answer.”
The European Union is “a vital market for British steel.”
Britain is “having conversations with other Governments”
I’m sure that there is a word for the above type of rhetoric but I just can’t think what it might be! 🙂
p.s. Because the government appears to be treating the Port Talbot situation as some sort of surprise, here’s something I wrote FOUR MONTHS ago. See no.9……..http://spygun.com/richard-ruzyllo/cameron-a-first-assessment
Dave and Gideon are TALKING!
Chancellor George Osborne said today that he was TALKING to other governments about taking action to prevent the dumping of cheap steel after Britain’s biggest producer Tata Steel put its operations up for sale.
TALKING and MEETINGS – the GOVERNMENT’S ALTERNATIVE to DECISION-MAKING!
David “Mr Meeting” Cameron and his Balls of Steel.
The outcome is already a certainty. Cameron, his Ministers will be engaging in Cameron’s favourite pastime – a MEETING. This one is to “discuss” the fate of the moribund British Steel Industry. In fact, the industry’s fate had already been decided even as far back as 1988 when the British public was encouraged to throw its cash away by investing in an industry which has been dying since the end of World War II. British Steel eventually morphed into Indian Steel, with its epicentre on the Sub-continent. Now there is hysterical talk of us being stitched-up by China with its “inferior steel” (commentators are confusing “inferior” with “competitively priced” – and there is absolutely no proof that Chinese steel is, in fact, of poor quality)…..and forget all romantic notions of the “proud steel worker” being “thrown on the scrap heap”. It’s all about market forces, dear boy. Tata!
Cameron deploying his “We’ll do everything we can to help” mantra. This time it is aimed at the British steel industry. Certain commentators have suggested that Dave is probably thinking about re-nationalising steel! He’d rather be rogered by a pig wearing a red rosette….It won’t be long before we’re importing steel from China. Remember, this government does NOT have a long-term plan – only fine words. Time to say ‘tata’ to our steel industry.