ChatterBank84 mins ago
British Steel Planning To Close Two Blast Furnaces At Scunthorpe.
Mad Ed's net zero plans. The gift that keeps on giving.
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No best answer has yet been selected by dave50. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.// perhaps they will ride to the rescue at Scunthorpe. //
unlikely. the Chinese can make and supply steel much cheaper from China than in the UK, even factoring in the large transport costs. they could install electric arc furnaces but clean raw steel cannot be made that way as they cannot smelt iron ore. making steel using hydrogen in any meaningful commercial quantities is still years away.
John Laurie had a phrase for the future of the UK steel industry....
“…they could install electric arc furnaces but clean raw steel cannot be made that way as they cannot smelt iron ore.”
Indeed, mush. Many politicians seem to be existing in a make-believe world where they think everything they say will come true just because they’ve said it. For example, this makes amusing reading:
“With an increasingly decarbonised electricity supply, and increased use of scrap steel in production, the UK industry is well-positioned to be at the forefront of the global transition to green steel.”
Most of the “green” strategy associated with steelmaking (and most of the plans the UK has in this direction) is recycling scrap steel.
This mob have plans to use “green” hydrogen to produce “green” steel:
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“The first commercial plants based on these new carbon-neutral technologies are expected to be available from year 2030, at which date a large part of the European blast furnaces should start to be refurbished.”
If Scunthorpe closes the UK will not have any blast furnaces left to be refurbished come the summer, never mind 2030 and if Iberdrola’s projection for their commercial plants are anything like those produced by Drax for their “Biomass with Carbon Capture & Storage” then 2030 is probably very optimistic.
The Chinese will make as much steel as the world wants to buy (for so long as it suits them) and to do so they will dig up as much coal as they need (and buy the rest if they cannot mine enough themselves).
All that Europe – and the UK in particular – has done in its ridiculous attempts to “decarbonise” their economies is to de-industrialise them. The emissions “saved” by this lunacy have simply been transferred elsewhere.
It's already Chinese ...
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British Steel has been owned by Jingye since 2020. The Chinese firm says it has invested more than £1.2bn into British Steel to maintain operations and claims it suffered financial losses of around £700,000 a day.
I posted this on one of Mrs O's threads in Oct 2015. The eventual shutdown of our steel making ability was planned. You cannot make weapons grade steel without a coke blast furnace BTW!
(( This article exposes the shameful policies that have destroyed our steel industry.
//This stems in large part from one of the last decisions made by Tony Blair as prime minister, when in 2007 he signed up this country to obtaining 15 per cent of all its energy from ‘renewable sources’ — wind and solar — by 2020.
According to the then chief scientific adviser to the government, Sir David King, Blair was supposed to limit our pledge to ‘electricity’, not energy as a whole, but there were ‘very tired people in the meeting … people just took their eye of the ball’. What a shameful admission.
The result is not just that household bills must be at least 15 per cent supplied by expensive and inefficient wind and solar power (what do we do when it isn’t sunny or blowing a gale?), so must high-intensity users of energy such as steel producers.// ))
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Interesting article on the capitalist free economy ...
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I'm averse to showing statements out of context, so I'll just post something that sets up the premise ...
US President Donald Trump is a billionaire businessman who has clearly done well financially out of capitalism. But suddenly, thanks in part to him, the free market system finds itself under assault like never before.
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