The Steel Industry is a strategic business for the UK, as it is for many other Countries around the world. The Chinese subsidise their steel and dump it on world markets, causing issues in steel making Countries including our own.
However with a sympathetic Government the UK could ride this storm, we have quality steel and more important skills to make quality steel. These skills passed down the generations and are unique to the UK, once they disappear, they will be lost forever.
An estimated 25000 jobs here in north Lincolnshire will be lost, if the Government fail to act. These jobs are not just in Scunthorpe, they are here in Grimsby too. Small contracting firms will be looking to diversify, no doubt competing for contracts with businesses here in Grimsby, forcing cuts to wages as competition grows.
The steel works provides lots of opportunities each year for apprenticeships in all sorts of trades, these opportunities for young men and women lost. The cost for our area is enormous not just financially, but social cost too.
Other Countries around the world, including the USA, Germany, France and China and many others have policies that help their steel works. Obviously these Countries do not have a common political thread, but they have one thing in common, they see the value of manufacturing and in particular the manufacture of steel.
The Tory Party has a track record of making a quick profit against long term economic sustainability, that’s why most of our railways are owned by foreign governments. Fares here, subsidising travel in other countries for example. Water, electricity, gas, docks all sold off.
Will this toxic leaderless Government abandon British Steel, we hope not, however don’t hold your breath!