[Newsbot]

Title: UK Carbon taxes move UK Steel Mill jobs to India
Category: Political
Posted By: ridenrain
Date: 2009-12-14 16:02:12

[GreenTiger]

THat would be real unpopular in the staes if that were to happem.

[saturn_656]

Any idiot could have seen this coming.

[ridenrain]

Manufactures in the UK, Canada and the US are all struggling to conform to strict enviromental and polution regulations. Moving the plants to "developing" nations like India and China mean these factories are free from such restrictions, and if we look at the polution levels in China, we should ask what is the benefit.

Keeping the manufacture here keeps it within our control, and under our enviromental regulations, and we need to keep that in mind when we compair foreign prices.

[Brenda]

$1:

much of it was sold off to the Dutch firm Corus,

BULLSHIT!!!!

The Dutch firm "Koninklijke Hoogovens" merged with "British Steel" to become Corus, (that was later sold to Tata).

I don't think I believe ANY of this story, if they can't even get this fact straight. I lived 400 meters from the Hoogovens. I think I know. Geesh

[Brenda]

I read the rest of the story, and I find it very confusing. Corus is planning to open a new plant, while Corus = Tata, and Tata is an Indian company, who wants it production in India.

CORUS doesnt excist anymore! Duuhhhhh!!!

$1:

On 30 January 2007, Tata Steel, part of India's Tata Group, purchased a 100% stake in the Corus Group at 608 pence per share in an all cash deal, cumulatively valued at (USD 12.04 Billion).[9]

http://en.wikipedia.org/wiki/Corus_Group
(yeah, wiki, deal with it )

[ridenrain]

Rather tangent to the story, isn't it?

[Thanos]

If we'd had the brains not to ship all our manufacturing jobs overseas during the previous thirty years then right now we'd have some precedent, not to mention in possession of a strong still-existant manufacturing base, then this wouldn't hit as hard as it's going to. Globalization and massive Wall Street profits derived from destroying companies and industries instead of rebuilding them got in the intial shots. Carbon taxation will merely finish off the suffering. This nonsense surrounding AGW is just going to be the final nail in the coffin of what's left of North American and European industry.

That it's all based on a complete lie (just as the previous raping of the middle class under the guises of globalization, free trade, and downsizing were all based on utter lies as well) is what makes it so infuriating.

[Brenda]

$1:

Rather tangent to the story, isn't it?

No, not really.
The funny thing is that we said this when Hoogovens and British Steel merged. Hoogovens was the one making profit, British Steel wasn't. It was a matter of time before it would have been bought by India. Now they want to make productioncost cheaper by doing it in India. Not surprising. VERY convenient to blame it on the climate top, but that is bs.

If you can't get your facts straight, don't write a story.

[ridenrain]

Steel is a global industry and the only reason why a modern western plant couldn't make money is because thy were undercut by a foreign coumpany who didn't have to follow such strict enviromental rules. Taking production from the west put the production, and profits, in that hands of other nations who will squander their enviroment to make a buck.
We did and we learned and we shouldn't sell out our jobs and enviroment to re-learn that lesson.

[Brenda]

This was a nasty deal back then. You cannot tell me, that Tata did not plan on taking everything to India when they bought it.
Don't forget Corus was not for sale. They bought it for 6.8 billion British pounds, and financed 5 billion of that, using Corus The Netherlands as security.

$12.04 billion US is what it was bought for. A drama in England and a good functioning plant in the Netherlands.

OFCOURSE they were going to take it to India, and OF COURSE they had planned that. India is exempt from the framework of theKyoto protocol, so they can blow gasses in the air whatever they like. I am absolutely NOT surprised. This was VERY obvious. Everybody knew this was coming.

Hoogovens made THE best steel in the world. They made profit. I still don't understand why they merged with British steel, because British Steel was NOT a company that made profit. Corus Netherlands profit was thrown into the bottomless pitt Corus UK was. The moment the Hoogovens became Corus, it was doomed to go down.

[Brenda]

Corus IJmuiden (or Hoogovens...) is a VERY clean plant. In IJmuiden they produce CO instead of CO2 and that is burnt in the power plant to produce electricity that is used to keep the plant running as well as the rest of the province that gets its electricity from the Hoogovens.

British Steel however (or the other part of Corus) is a dirty stinkhole, that should have been closed years ago. I am not surprised Tata is not going to invest to make it cleaner. They bought the Dutch know-how and technology, and the UK should be glad those stink factories are going to close.

[KorbenDeck]

Any increase in environmental laws must be balanced with an increase of tariffs on products coming from countries that do no have the same environmental laws/standards. Otherwise all the government is doing is simply changing where the environmental damage is being done while at the same time costing themselves jobs and revenue. Which is why I believe free trade with developing or third world countries is a very stupid idea.

[martin14]

Brenda Brenda:

This was a nasty deal back then. You cannot tell me, that Tata did not plan on taking everything to India when they bought it.
Don't forget Corus was not for sale. They bought it for 6.8 billion British pounds, and financed 5 billion of that, using Corus The Netherlands as security.

$12.04 billion US is what it was bought for. A drama in England and a good functioning plant in the Netherlands.

OFCOURSE they were going to take it to India, and OF COURSE they had planned that. India is exempt from the framework of theKyoto protocol, so they can blow gasses in the air whatever they like. I am absolutely NOT surprised. This was VERY obvious. Everybody knew this was coming.

Hoogovens made THE best steel in the world. They made profit. I still don't understand why they merged with British steel, because British Steel was NOT a company that made profit. Corus Netherlands profit was thrown into the bottomless pitt Corus UK was. The moment the Hoogovens became Corus, it was doomed to go down.

Bankers..
the same bankers who screwed us royally last year, got hundreds of billions
in aid, which we will pay for .. for a long time.

Screw the production, make money on the sale, extra profit
for KPMG or PWC or whoever did the paperwork.

Screw the people, screw the jobs, screw everything except profit.
And when the profit disappeared, well then screw all the taxpayers.