Tata Steel confirms plans to cut jobs by closing Port Talbot blast furnaces 

That used to be the problem, the new problem is we are applying net zero principles with the attempt at reducing costly carbon credits and the Chinese and others aren't. The bits they want to shut are the massive iron making end, including, materials handling, burden preparation, coke ovens, blast furnaces etc and just make steel from existing scrap by making and using new arc furnaces, to cut emmissions and carbon dioxide release. The trouble is, there will be no new virgin steel made, and the price of scrap will rise like a rocket, making the whole of steel making in entirety, untenable, madness !

who use the steel? EU, so when you leave EU that is using the steel, what happens? no more demand for steel! sometime when I read post like this, I just have to question if IQ has massively declined. brexit is a failure, when are people going to own up to this fact that the logic behind it is flawed.

It is about Indian Company in UK Soil. What is the correlation with China. Looks like any failure or bad thing happened in Western or Indian soil due of China. 😅😅😅

​@@mujur9101 There is, not just in steel but it can affect probably every industry. Try reading news & economics sometimes. You sound quite ignorant & proud of yourself despite not knowing a thing.

@@mujur9101 It may be an Indian owned company but it is the British branch of the company that is affected. It's reducing it's UK staff to be more competitive in prices because cheap Chinese made steel still makes its way into the UK market despite measures put to keep the Chinese from doing this both in the EU and the UK. The cheap steel comes via other South East Asian countries! The UK government apparently cannot force companies to buy more expensive British made steel.

What a waste

Electric arc furnaces while the cost of electricity in the UK is outrageous.

The same game all in the EU!

Exactly like Im Indian and EU is forcing EVs down your throat and this makes Tata Steel to switch to Lithium batteries. And Remember Germany lost WW2 because they ran out of steel. You guys are fucked up. Like re join EU. Brexit was a Mistake

While at the same time allowing the oil companies to pay virtually nothing in tax. Good thing Rishi Sunak's wife will benefit from all the new drilling platforms due to having interests in the companies that will be involved. I mean her tax bill alone should be enough to repair the collapsing school roofs... Oh wait, that's right, she's non-dom status and doesn't pay a penny on her interests to the British treasury!

Glad to hear that! Tata has been investing money from their Indian plant also to this uk plant. The union at english branch has been toxic & not co-operative.

@@BlackHawkTejas You don't mean... Dun-Dun-Derr! That a union has attempted to do what it is meant to and argued against a reduction of pay and benefits, and even had the gall to represent the workers in order to get better pay and avoid job losses? The utter nerve of those unions (!)

@@pauln6803 This is how UK lost it's Automobile and Motorcycle manufacturing industry in the 70s to rest of Europe. If the business does not make money and is too lossy, multinationals can just pack up and leave. Issues of both, the company and the workers matter. Strong unions eventually can also choke the company that feeds them.

Unions destroyed UK..kudos to them and labour ​@@pauln6803

​@@pauln6803 but the union's demands were soo big that the workers have lost even the things they had earlier.

equally, giving over the production plants to foreign company, and heavily susidising this company to fire workers is insane. However Brits are not alone - France first gave their steel plants over to mittal, and now just promised billions in subsidies to plants in dunkirk.

Add it to food insecurity and energy insecurity, you'd be forgiven to think we have been purposefully weakened.

@@bigbarry8343 If you are to be believed, Brits have steel plants, while the French have steal plants. Are you British?

@@mrmeldrew693 What's the purpose, and who did it? Explain.

@@kurtgodel5236 no idea. Whoever is controlling our government(s).

I mean All of their UK subsidiaries are in loss

​@@ChandranPrema123not jlr

@@ChandranPrema123 Not all, JLR is and has been doing really well under TATA leadership.

true.. Tata never layoff employees in India to make more profit.. it is like govt jobs

It is the so called democratic government exerting pressure

My friend used to work in tata retail industry those fuckers used forced them to work 12-13 hr a day and sometimes like 2 days continuously ​@@Deb_deCoder

Fun fact... Even in their IT service TCS, they don't fire forcebly until somebody violated company policies... They keep them in bench and keep paying salary 😂

Its the cheap chinese steel that needs to be banned.

It doesn’t help if you destroy the light industry which uses steel. A service economy doesn’t use much steel.

Labour has no plan? How's that a problem? They are not in power.

@@johnrussell3961 i import metals from China, right now i am finalizing an order, u.k has kany issues. If you can't compete the factories go abroad.

@@johnrussell3961 They destroy themselves if they can't compete with global competitors. I import containers of metal products that the u.k cannot make.

​@@allykhan8594its govts job to assist industries by any and all means necessary. Clearly they failed

And without access to the biggest single market in the world

rubbish, I have worked around that steelworks for 30 years. It has NEVER made money under British Steel, Corus and TATA . There are huge stocks of Chinese coil steel at Newport docks. UK government put in £500 million recently

@@DOCTORDROTT I am just reporting the news in the Netherlands in that Tata keep their operation open and can still make high quality steel. The EU stops dumping of cheap steel into the market. In that UK has fumbled it (again) doesn't negate the current situation. Not my fault that you do not like it.

You don't have the scale in UK to produce cheap as China.Actually no country has,India combats thus with anti dumping duty-even then Chinese steel dominates the small industrial consumption.​@@DOCTORDROTT

​@@ss-99995China actually subsidies their steel Industry and using Vietnamese company for exporting it.

Hence the anti dumpling duty,again their scale is huge.You should have a deal with Australia on this,they make the steel,you make the end product.

Hey hey hey boi 😂😂😂

​@@PHALANGE1931abb maza ayega na bhiru😁

handmade local mills =\= industrialisation. india was never industrialised in its history

@@junn805 Yeah cause the Brits knowingly didn't and sucked out all the Indian raw material to UK & USA. And after that stupid Indian politicians were heavily drunk in socialist, anti-capitalist and anti-industrial ideas so there you go another 60 years missed. Thankfully under Modi it is being sped up.

​@@junn805 proto industrialization took place in bengal so get your facts right

Not anymore, we are not the largest employer, there was time ,it is used to be 1million but modi gave early retirements and since 2019 no new recruits. Don't keep stating congress time data ,and embarrass us bharatiye,

😂😂❤❤ about now the BBC😂😂 writing documentary on Tata Steels how patriarchal it is and Hindu rashtra phobic days😂😂😂

​@@drjagritisingh6569 nice joke lad ! And i like the toxic thinking ways of you congis guys no recruitment since 2019 lol what shameless lia/propaganda 😅 cope and seethe mate cry more!

Firstly, stop spamming....

​@@madeyegaming77766 years no recruitment. Seats are vacant. They released notification this year but the seats are very less. The recruitment used to be conducted frequently before but now even with vacant seats, railways is recruiting very less people. Just watch the videos of the protesters.

just for money china also does this

Sounds good 👍

Hahaha

Well here's a brief one-liner summary. TATA Steel (world's one of the biggest and the best steel manufacturers) was forced to spend $3.5 bn. (to achieve net zero carbon emissions target of EU/uk, by shutting down all the blast furnaces and bringing in Electric furnace) at a loss making plant in Britain (obviously Tata refused and demanded "at least" half of the burden to be bear by the govt., cuz it was their aspirations/target not company's) but Britain is crumbling nowadays they offered only $500mn. TATA with a heavy disappointment accepted as both UK and Indian authorities were begging them not to sell the plant (china might buy). So to achieve UK/EU target 🎯 they did this. As electrical furnaces require very few people.

Planning security and a much bigger market to sell - the UK was part of that market before brexit. Now it is a third state.

Well , they know answer , that's why they are trying to blame other instead of themselves

​@@King_ofNightIndian authorities weren't begging for anything! It's all british doing & their crying.

Loss making entity, High labour cost, high raw material price, carbon tax and other bullshit. Closing the plant will be the best option.

If your in Sandfields love, get out if you can. Sympathy from the Rhondda.

@@trashman1358 thankfully I left there a long time ago and live in the US now 😊

This is your hometown

​@@Izzologyewww you look horrible

Net zero is priority... Will make people income net zero... And uk also trying to tax on products which does follow sustainable production which means more inflation in uk.. So I will say its pure madness..

​@@Userandmad*Inflation, but yes true.

@@Tate525 as we speak entered recession... I am from the country whose gdp is between recession counties... ❓

You are russian agent! Shame on you! No more russian oil, gas and fertilisers for brave European countries! 😂

Don't comment if you don't know

​@@jetpark3743enlighten us

So true. People of West Bengal protested so much for whatever hypothetical reasons that many companies and factories had to leave West Bengal. And now West Bengal barely makes any profit.

​@@jetpark3743and you know what mr?😂 He is on point.

What darkness?

It wasn't offshoring, they just bought an old British mill in uk

Huh? They're already expanding the steel works in India, they purchased those plants in UK because of easy access to markets in UK and Europe, problem is CCP and it's dirty disgusting trade tactics

@@_UCS_SwapnilSahaiSrivastavwhich it’s offshoring, use your brain

@@ilviandante2040 well yea I guess, it technically is, but they didn't open new factory in Uk only acquired an old one in a cheap deal

​@@_UCS_SwapnilSahaiSrivastav and it is called offshoring, smarty.

One Indian Company stops it's OPs they start crying in comments 😂 6k ke bache 😂

They give aid to Indian NGOs to carry out their propaganda.

that's BBC propaganda

They used to fund so called NGO's to run their propaganda but alcoholic west kids used to think their aid goes to The GoI for betterment of our people

They do give Aid but not to any Indian Institute or Govt but to their Western Propaganda NGOs who allways poke their nose in infrastructure projects by creating Fake narratives and filing Cases

Yes I also think at least open a subsidiary of jaguar and land rover in India the costs will reduce and profits will increase and the cars might replace other premium car brands in India . Also export.

Lol, Indian government and it's laws are still quite behind in being business friendly. UK despite being much smaller and having lower population has a huge economy. It's only recent a nation like India crossed UK's economy in size. If Indian government had proper laws then we would have crossed UK in the 60-70s itself.

Wrong. The decision was made squarely in the UK, all the way back in 2016. No points for guessing what it was! As you sow... 🤷

Tata was making loss on this plant for lots of years. It's not like they are bringing jobs to india after cutting in uk

You'll own nothing and you'll be happy it's feudalism 2.0

God help us!

What tech sector? The UK only produces about 3% of its technology.... it's finance sector is on thin ice and it's trade sector got gutted by Brexit...

More like manufacturing is moving away from the UK.

The former is patently obvious. What is your evidence for the latter?

The trouble is that the banks are closing branches and putting people out of work.

Thanks... I guess...

That’s was taken in bonuses

Good. The Tata Group was long owed reparations by the British Government... Better late than never lol! So long and thanks for all the fish!

Well here's a brief one-liner summary. TATA Steel (world's one of the biggest and the best steel manufacturers) was forced to spend $3.5 bn. (to achieve net zero carbon emissions target of EU/uk, by shutting down all the blast furnaces and bringing in Electric furnace) at a loss making plant in Britain (obviously Tata refused and demanded "at least" half of the burden to be bear by the govt., cuz it was their aspirations/target not company's) but Britain is crumbling nowadays they offered only $500mn. TATA with a heavy disappointment accepted as both UK and Indian authorities were begging them not to sell the plant (china might buy). So to achieve UK/EU target 🎯 they did this. As electrical furnaces require very few people.

@@King_ofNight why are Indian authorities would be begging?? its British are crying and begging.

hes a tospot

Imposing tax on chinese steel

@@kaustubhraizada maybe UK should build aircraft carriers

​@@neohengong4358they already built two without enough aircrafts and escort ships to support proper operations of even one.

Arc furnaces don't make virgin iron.

​@@gregorymalchuk272Exactly! People don't know this thing, they like to comment without researching.

They can only work with scrap steel etc. not create "new"

Just about every country with a massive service sector requires some degree of manufacturing

@@dalegribble7939 fair point.

Nice one ​@@sunmoon1234

​@@sunmoon1234wow😂

​@@sunmoon1234😂

you should blame NET ZERO

I think tata try to produce for u.k and e.u markets within the region for economic benefit. Unfortunately, they just don't have scale or demand.

@@kirannnnnn I don’t .

@@samcarena4702 TATA is closing blast furnace to electric Arc Why??

@@allykhan8594 eu steal markets are owned by mittal. its insane.

The uk government is the reason they fired 😂😂 what will they say .

Don't forget these UK workers were being subsidised by Indian and Dutch Steel workers for years despite earning much lesser wages(case of Indian workers). This UK plant was making losses while profits from India and Netherlands were being poured to keep this loss making UK plant alive for God knows why. Tata should prioritise wellbeing of Indian workers being an Indian company rather than employing ungrateful UK weirdos like the union leader seen on this video.

Jaise Jo taise r@ndi brits back to Elizabeth 's ch00t 😂

Tata steel in uk is ending coz uk govt is forcing them to shift to electric furnace without giving subsidies. There is also dumping of Chinese steel which govt hasnt stopped putting tata steel in uk in losses

Kind of a foolish take, tata is not making anything crumble, UK and its woke laws are they expect steel plants to have zero emissions, and expect companies to continue to operate a loss making plant and unions forcing to maintain the salaries and benefits meanwhile UK government does nothing to prevent the dumping of cheap chinese steel, its all the fault of british people and woke politics.

You are loving bcoz here in India also we have some bad elements and you are one of them, you are laughing on someone's job loss.. You are an evil

Whenever India sends a spacecraft these Brits always cry "mUh Aid mOnEy reeee" 😂😂

Grow up , please explain

You would be more credible if you could spell BENEFITS. I would also ask you to explain what your pithy sarcasm really means, but you don’t know.

@@turbolevo8703 Thank you kind reader, edited just for you.

Happy brexit to UK. The more capacity they close, the less we have to in EU. Worked great with car industry already.

@@Beliefish You have no idea what you’re talking about. The Chinese are going to decimate the EU car industry and the Germans will feel the burn.

than tata will remove tatley from uk , and it will become a worldwide news

TATA s aren't even Hindus

Ratan tata is farzi not hindu 😂😂😂

@@leo-messi61 he was born in mumbai he speaks hindi and celebrates all hindu festivals i think this is enough for bbc to form a new propaganda

@@Shivtej-z2o then sharukhan also celebrate hindu festival too, then what would they say about him??

losing

And a lot of families!

Devastating news, the end of an era in my hometown.

There's no good news to come out of this, were still recovering from coal mine & open cast closures & now this

I actually quite like the view of it from Swansea

Nobody cares

Lol.. government is forcing them to pay carbon tax with almost no subsidy

TATA Steel need fund for that. tata steel uk is currently losing 1million pound a day. profits from India and Netherlands were being poured to keep this loss making UK plant alive

Wow

Why would the Dutch hire expensive Brits instead of cheap Syrians and Turks?

explain

@@SilentWalker-if4nc Netherlands got new tata steel plant another 65mn investment in netherland

Your country buys weapons from British weapons systems manufacturers just like America has done since 1900. It doesn't make sense to just hand cash out without creating jobs. They could buy steel from this factory and delay transition to green factories, but they likely stopped subsidizing it since China has slowed down and you're no longer in the EU. Economist look at the overall employment situation and GDP. It could be horrible for the UK, but the US is growing even faster than china.

We have stopped making tanks. We won’t be supplying Ukraine .

@@Jackie-wn5hx The US is financing its growth on far more borrowing. The amount you pay to service the debt is increasing exponentially.

@@Andrew-rc3vh "Exponential growth" has a definition that you're not using right. The debt service and interest isn't growing exponentially. If it were, interest rates would grow triggering a recession. The sovereign debt is of the federal government that began you invited us to end WWII and rebuild Europe. We have fifty states, hundreds of thousands of local government, 340 million people, who don't carry debt. One of the benefits of having a global empire and the international reserve currency is that we can get away with it. China has debt higher than GDP, which extents to citizens and companies. That's why you don't hear projections of them becoming the largest economy this decade or for the foreseeable future. Other than having the world's currency, the US has been able to get away with it because unlike the UK, Japan, and China we have millions of migrants to grow the population. You can't be xenophobic and against free trade unless you want steel factories shut down and don't have a working age population to pay for pensioners.

@@Jackie-wn5hx To be clear, it is the percentage of GDP which it costs to service the debt is exponential, at least in the projections I have seen. In 20-30 years time it will look like a serious problem.

Why should an Indian company provide employment to white British?

​@@Luladasilva217 private companies don't work on nushnalism but profit. Nushnalism is Inferior to green card anyday.

Beginning to dust 😂

There’s such a thing as strategic importance, you know. If we are attacked by adversaries, the manufacturing sector is necessary to produce for defence. An adversarial country who wants to destroy you doesn’t care about green credentials lol.

What a stupid, weaselly comment! Producing steel and all other manufactured goods in China etc results in MORE pollution. The industry is only losing money because of insane energy costs in Europe compared to elsewhere. Governments should sort out energy costs before anything else. And more important than either is that without manufacturing, the country is essentially defenceless. You think China will sell us steel to make armaments to fend them off with?

You just prefer even more pollution from the steel in your consumer goods being made in India and China.

Nationalise everything then - see how far that takes you.

😂😂 Indians and Chinese own England now😂😂….The colonised have taken over the kingdom

Yes

Iranian ... tata is iranian

@@Karlmarx-r9d no, indian

@@noufalali7142 origin iranian... he is persian

Apart from relying on china or India.

You need virgin steel to make high quality alloy steels. The UK is about to lose it's only way of producing virgin steel.

It's not about a competitive advantage, it's about sustainability when events like the Red Sea blockade strikes... the notion of seamless supply chains and 'just in time' manufacturing have been show to be extremely volatile.

As importer it only added 14 days more around the cape and $250/container. Commercially, there is no sense of a steel plant in u.k. since brexit u.k has dropped from producing 1.55m vehicles a year to 750k. Export to europe has generally dropped and many barriers such comformity is causing problems.

P.s Tata have made a series of major mistakes, it is time for it to quite Europe before Tata group sinks into the abyss.

​@@allykhan8594their Dutch business is doing fine