In the North East of England the Corus steel plant at Redcar is closing. I must declare an interest here, because by father in law was a steel worker and a Union Official at the Port Talbot steel works and I have met and admired many steel workers.
Steel came to Redcar because of the geography – coal and iron ore was readily available and deep water harbours were nearby. Now there are many places that make steel and although the raw materials comprise 75% of the manufacturing costs it seems that the plant at Redcar is uncompetitive because of high British labour costs with falling demand in the recession, at least that is the official line on the closure. I have doubts about this. (more…)
Filed under: climate change, global warming | Tagged: Buy American Act, Peter Mandelson, redcar, redcar corus closure, steel industry | 3 Comments »