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Old Git Racing
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PostPosted: 00:00 - 02 Apr 2016    Post subject: Grow some balls. Reply with quote

I was working in Port Talbot for 8 days a couple of weeks ago. What a nice place with nice people, bit like a lot of Yorkshire industrial towns, see what you get. Even watched Wales V England in the 6 Nations with good humour. The town and about 15k people are reliant on the steelworks there. More importantly the skills there will never be replaced if its lost. This mealy mouthed government and the EU would rather court China than protect its own. I dare say we won't stop the inevitable but when are the people of Britain going to grow some balls and draw a line?
Get out of the EU, set our own tariffs on imports and take control again. This is but one example. Do it, June 23rd vote out! Draw a line!

OGR.
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andym
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PostPosted: 01:39 - 02 Apr 2016    Post subject: Reply with quote

Isn't it this (and previous) governments that's been selling everything off for years anyway?
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Omega
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PostPosted: 07:12 - 02 Apr 2016    Post subject: Reply with quote

The guys aren't making a profit. They can have all the skills and goodwill in the world but that doesn't make it a good business. Why should we save them when we could be putting money into businesses that actually make money? Trying to hold on to the past won't help anything.

Agree with leaving the EU though just because they've gone well beyond being a group of friendly nations and become a dictatorship IMO.
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Old Git Racing
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PostPosted: 08:35 - 02 Apr 2016    Post subject: Reply with quote

It doesn't make a profit because china dumps state subsidised steel on the european market at artificially low prices. In the USA the have a %200+ tariff on it so China doesn't dump it there. EU rules prevent state subsidy and also decide on tariffs.
Losing the skills will be a real problem in the future. It's already a problem in some trades including mine.
The Co Op bank lost £600,000,000 last year, funny how we can support an obviously not fit for purpose bunch of incompetent losers like the banks but let an important manufacturing industry disappear again.
They can turn it into a theme park where future generations can take their kids to see what used to happen in this country, that is if they can afford it on minimum wage zero hour contracts. Then on Monday they can go back to work at the shopping centre or Mcdonalds.

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Rob Fzs
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PostPosted: 08:35 - 02 Apr 2016    Post subject: Reply with quote

Osborne is trying to appease the chinese for more trade, but like they have done with other industries, they'll just get up to speed with what they've took and shut you out and then out do you in your own backyard.
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Rogerborg
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PostPosted: 08:51 - 02 Apr 2016    Post subject: Reply with quote

China holds billions of US dollars, they literally can't afford to cripple the USA.

The UK, we're a minnow. Even talking about the issue has resulted in China slapping us down with a 46% tariff on OUR steel.

While I'm never a fan of appeasement, this is not a trade war that we can win.
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Rob Fzs
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PostPosted: 08:55 - 02 Apr 2016    Post subject: Reply with quote

mpd72 wrote:
I don't think and EU government can't assist a failing Steelworks financially, even if they wanted to (although Cameron doesn't seem to even want to).

I'd rather see a high tarrif put on Chinese state sponsored steel even if it meant the cost of steel in the UK rise, pushing consumer goods up with it.

Chinese cheap steel benefits Germany, France, Italy and all the other major EU car production countries far more than the effect it has on the UK. I'm not sure I understand this thing about the EU pretending it wants to increase tariffs to China, yet the Tories are against it. The way I translated the politician speak was that the Tories wanted to increase tariffs, just not using the method the EU want.


So the tale goes, the tories wanted to increase tariffs on steel, but not on other products that the tariffs would also hit, so it got blocked, the french probably wanted a tariff on chinese garlic or something, but this would not happen if we were out of the eu.
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Lord Percy
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PostPosted: 09:00 - 02 Apr 2016    Post subject: Reply with quote

Needs a bit more of this - Splendid Isolation - which was a very Tory thing back in the day. Seems now it's more about the whole 'knowing the price of everything, but the value of nothing' mindset - cheap steel is cheap, cheap is good, everybody wins, we stay chums with China, savings and profits for Britain PLC. In the (very) short term...
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Rogerborg
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PostPosted: 09:25 - 02 Apr 2016    Post subject: Reply with quote

If you believe in buying British and supporting British jobs, go and pay £15K and upwards for a new Norton then wait 6 months to see if they can be bothered making it for you.

Can't afford that? Don't want to pay that much?

Well, tough, that's the price when the rhetoric meets the road.
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Rob Fzs
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PostPosted: 09:46 - 02 Apr 2016    Post subject: Reply with quote

Rogerborg wrote:
If you believe in buying British and supporting British jobs, go and pay £15K and upwards for a new Norton then wait 6 months to see if they can be bothered making it for you.

Can't afford that? Don't want to pay that much?

Well, tough, that's the price when the rhetoric meets the road.


high value products are abit different from your basic commodity, ie their high value because of the lack of supply

Or we could send more money out of our economy, to the chinese to get something of inferior quality that will be scrap after 10 years.

i bought a muckspreader from a british firm about 12 months ago, it did take abit longer to come than say something from romania and cost more, but that means 0 to me when it's in actual use, no good if it breaks down and it takes 6 months to get parts, then for it to be worthless come resale

If steel didn't have such a strategic value in our infrastructure, i probably would say leave it to the market, but once it's gone, it's gone and the chinese have a few dirty tricks up their sleeves getting their fingers in to the pies of emerging markets
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Lord Percy
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PostPosted: 09:48 - 02 Apr 2016    Post subject: Reply with quote

It's been a slow decline, I suppose.

We used to have the wherewithal to make goliaths like this:

https://www.mooch.org.uk/trips/yorkshire/images/nrmyork_07.jpg

Actually, in some fantastic sort of irony, this train was designed for China!

This idea of buying cheap, outsourcing, getting others to make/do things for us, or in other words zero protection of in-house manufacturing, has left us pretty much stumped it seems.

I always wondered when this nation of pen-pushing, email-writing and money-juggling, with only a fraction of the previous physical output, would start to cave in on itself.
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Pjay
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PostPosted: 10:01 - 02 Apr 2016    Post subject: Reply with quote

Lord Percy wrote:
I always wondered when this nation of pen-pushing, email-writing and money-juggling, with only a fraction of the previous physical output, would start to cave in on itself.


Economics are a funny old thing.

It was only really a matter of time before we couldn't compete on a global scale, as we have limited resources on all fronts.

GB were the undisputed masters around the Victorian times, plundering resources and making worldwide connections. This teamed up to great education(for the time) and many intellectuals inventing all sorts of new fun things, we were a powerhouse of engineering. Then of course the world started catching up. There was no way we could compete with developing nations and dictate the worth of commodities. We exported our goods and our means of making these goods, to anyone that would buy them and then we metaphorically 'taught a man to fish'. This was all predicted in the 60's and so we started to sell off our manufacturing/engineering interests soon after, focusing on the money markets instead, as all this needed was foundation, there was no real need to actually make anything and minimal manpower was needed too, so it made sense that a small nation that was already a financial powerhouse, put their eggs into this market. Now those nations, especially India and China are the main players, it is now coming to light that they too had their ceilings and so they (by their sheer size and scale of operations) have become bigger players in the financial world that we could have predicted.

Now we are not so much the string pullers, but merely the puppets.

It was always really going to end that way, as we are only just a small island and our capacity for growth is limited. We have nowhere near the capacity as countries like Russia, China, USA and even India.

One day, we will all be spending Yuan.
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Itchy
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PostPosted: 10:17 - 02 Apr 2016    Post subject: Reply with quote

Lord Percy wrote:
It's been a slow decline, I suppose.

This idea of buying cheap, outsourcing, getting others to make/do things for us, or in other words zero protection of in-house manufacturing, has left us pretty much stumped it seems.


Stop blaming us.

You did it to yourselves on several major points:

You can't see beyond the sticker price. You never consider the externalities. Non UK people see something cheap and rather than fill their boots they stop and think wait a minute why is it so cheap? Take for instance in Japan. Somebody started importing Thai rice. People saw the sticker price which was 30% of the Japanese rice price. They stopped put it down and didn't buy it.


You've replaced your economy with asset bubbles. This is the source of the 1989-2010 malaise. On paper you're supposed to be richer with your house increasing in price £20,000 a year. But don't feel any richer. Asset bubbles and easy money suck up productivity and investment money. Why should I work when I can sit on my bum and get (what I think is) free money?

A perfect example of this is the FOREX trading thread. Why work when you can get free money for only a couple hours a week! Look at those who offered contrary views to the trend. Fools! Jelly! Idiots! Free money! While this is ok when a few people are doing it when the whole country is doing it via house prices will go up forever mentality. What does this do to value adding and production?


Lastly as a nation you keep avoiding the reset, the reset destroys the asset bubbles and rebalances towards adding value. Yet for some strange reason you keep on kicking the can down the road. There was supposed to be a reset in 2000, then in 2005, then in 2008 then in 2011 then in 2014.
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Lord Percy
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PostPosted: 10:25 - 02 Apr 2016    Post subject: Reply with quote

Itchy wrote:


Stop blaming us.



Did I??

Itchy wrote:


You did it to yourselves on several major points:

You can't see beyond the sticker price. You never consider the externalities. Non UK people see something cheap and rather than fill their boots they stop and think wait a minute why is it so cheap?


=

Lord Percy wrote:
This idea of buying cheap, outsourcing, getting others to make/do things for us, or in other words zero protection of in-house manufacturing, has left us pretty much stumped it seems.
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Jewlio Rides Again LLB
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PostPosted: 10:35 - 02 Apr 2016    Post subject: Reply with quote

Didn't the EU discuss tariffs for steel etc. Only to have Georgie boy poo poo it so as to not upset relations with the Chinese?
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Skudd
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PostPosted: 10:54 - 02 Apr 2016    Post subject: Reply with quote

Is it just me or does it seem odd that china is making an indian company skint in England? I know we still give aid to india who haven't even got one toilet per 1000 people with 70% of the population never having used a proper plumbed in toilet, yet they own an English company, with china who have poverty levels beyond the pale, corruption so high that our government looks squeaky clean ans standards so low that they use vegetable oil drums as major supports for multi storey buildings and human life is thought of with such unimportance that H&S isn't part of the language.

China and india are also investing in many african countries that we give aid to and you just know that the africans are going to bury us when they start to become self sufficient in some form or other.

All because we have a guilt complex over slavery and the colonial years.
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Rogerborg
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PostPosted: 12:43 - 02 Apr 2016    Post subject: Reply with quote

Jewlio Rides Again wrote:
Didn't the EU discuss tariffs for steel etc. Only to have Georgie boy poo poo it so as to not upset relations with the Chinese?

So as not to drive up the price of steel to unaffordable (i.e. UK) prices.

Tariffs are counter-productive, literally.
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Lord Percy
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PostPosted: 15:58 - 02 Apr 2016    Post subject: Reply with quote

Skudd wrote:
Is it just me or does it seem odd that china is making an indian company skint in England? I know we still give aid to india who haven't even got one toilet per 1000 people with 70% of the population never having used a proper plumbed in toilet, yet they own an English company,


Tata is a private company. Complaining about their economic interests is like saying, "How can BAE Systems exist while we still have unemployment in the UK?!"

Quote:
with china who have poverty levels beyond the pale,


According to who? All the pictures you see in western media with the sole motivation of making sure we all collectively agree China is a terrible place? I wonder why they'd say that?

The UK is higher up in the World Poverty rankings

United Kingdom - 119
China - 155

It's fairly evident China has greater material poverty - no nice smart phones and new cars for everyone everywhere. But in terms of the daily necessities that you can afford with your take-home wage, and cost of living meaning you can save up for a rainy day, China beats the UK.

Quote:
corruption so high that our government looks squeaky clean


United Kingdom parliamentary expenses scandal

And we're yet to see any real moves to properly prevent it happening again.

https://wp.production.patheos.com/blogs/freedhearts/files/2013/09/matt__7_3_5_by_ionhelen.jpg?w=266
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Im-a-Ridah
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PostPosted: 17:42 - 02 Apr 2016    Post subject: Reply with quote

This is what happens when you vote for LibLabCon

https://d3n8a8pro7vhmx.cloudfront.net/ukipdev/pages/151/attachments/original/1398093352/Builder_48sheet_1.jpeg
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dydey90
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PostPosted: 17:46 - 02 Apr 2016    Post subject: Reply with quote

At the risk of getting back on topic, I can't help but feel that this is 15,000 more votes for leaving the EU.
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stinkwheel
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PostPosted: 23:03 - 02 Apr 2016    Post subject: Reply with quote

Rogerborg wrote:

The UK, we're a minnow. Even talking about the issue has resulted in China slapping us down with a 46% tariff on OUR steel.


Depends doesn't it.

I dopn't know what exactly "Grain based electrical steel" is but it sounds pretty specialised.

Given the enormous production surplus of steel in China, the fact that they are importing ANY steel from the UK suggests to me that it's of a type they either can't make at all or make very badly. Otherwise they'd be using their own.

So a 46% tarriff is possibly just a good money spinner for the state?
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Itchy
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PostPosted: 23:27 - 02 Apr 2016    Post subject: Reply with quote

stinkwheel wrote:


Depends doesn't it.

I dopn't know what exactly "Grain based electrical steel" is but it sounds pretty specialised.

Given the enormous production surplus of steel in China, the fact that they are importing ANY steel from the UK suggests to me that it's of a type they either can't make at all or make very badly. Otherwise they'd be using their own.

So a 46% tarriff is possibly just a good money spinner for the state?


Nah it's actually a retaliation for the EU tarrifs against China, Japan and South Korea put in place in 2014 as the EU said these three countries were dumping this kind of steel into the EU.

It's actually an escalation of the trade war. As China protects it's own producers. Japan and S Korea then seek to export to fill the void.

In doing so they undermine the European steel plants.

This can't end well and feels a lot like the events leading up to Japan's entry into WWII. This is not a good thing as if I'm here when the shooting starts we'll be put in internment (death) camps.
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sickpup
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PostPosted: 23:43 - 02 Apr 2016    Post subject: Reply with quote

Itchy wrote:
You did it to yourselves on several major points:

You can't see beyond the sticker price. You never consider the externalities. Non UK people see something cheap and rather than fill their boots they stop and think wait a minute why is it so cheap? Take for instance in Japan. Somebody started importing Thai rice. People saw the sticker price which was 30% of the Japanese rice price. They stopped put it down and didn't buy it.


This is a very revevant point.

How many people in this thread let alone country try their best to buy British products or even at a push try and buy EU products over externally made products? very few I expect.

I recently joined a US based forum for tools and the American members are obsessed with COO, Country Of Origin. They will pay double the usual price for something of the smae and sometimes lesser quality as long as it is made in the USA. We in Europe won't for anything.

Itchy wrote:
You've replaced your economy with asset bubbles. This is the source of the 1989-2010 malaise. On paper you're supposed to be richer with your house increasing in price £20,000 a year. But don't feel any richer. Asset bubbles and easy money suck up productivity and investment money. Why should I work when I can sit on my bum and get (what I think is) free money?


I unfortunately agree. The removal of social housing in the past and the plans for the future mean everyone will be tied up in debt for the next few generations with paper increases in the value of property but a loss in quality of life

Itchy wrote:
Lastly as a nation you keep avoiding the reset, the reset destroys the asset bubbles and rebalances towards adding value. Yet for some strange reason you keep on kicking the can down the road. There was supposed to be a reset in 2000, then in 2005, then in 2008 then in 2011 then in 2014.


Yes we keep putting it off and when it finally can't be put off it will be all the more painfull.
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stinkwheel
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PostPosted: 23:45 - 02 Apr 2016    Post subject: Reply with quote

Itchy wrote:

Nah it's actually a retaliation for the EU tarrifs against China, Japan and South Korea put in place in 2014 as the EU said these three countries were dumping this kind of steel into the EU.

It's actually an escalation of the trade war. As China protects it's own producers. Japan and S Korea then seek to export to fill the void.

In doing so they undermine the European steel plants.

This can't end well and feels a lot like the events leading up to Japan's entry into WWII. This is not a good thing as if I'm here when the shooting starts we'll be put in internment (death) camps.


Impressive.

You got from a trade dispute to concentration camps in three paragraphs.
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