Maybe I have misunderstood that article, the headline is British Steel seeks government loan for 'Brexit issues' Towards the end of the article it seems to be basically saying they haven't recovered from the 2016 steel crisis ?
FFS you're not meant to read the article...........you're just meant to read the headline and start getting all frothy mouthed at the audacity of asking for a bailout for Brexit.
Or you could read what is actually does say. It has also been struggling with the prolonged weakness of sterling since the EU referendum in June 2016 and the escalating trade US-China trade war.
Yes, but for me the key words are 'also been' the headline implies the problems are all because of Brexit but they aren't. The Brexit situation hasn't helped at all, but is not the cause ?
Tata highlights the problem they have within the group and is ripe for a take over and split up after its shit show in all branches. Run like crap whilst owning JLR, run like crap whilst owning British Steel but hey, Brexit is the easy blame. British steel like so many other companies were/are effected by the chinese dumping steel cheaper than they can make it for and that is what started the current U.S./China Tariff war, but hey, blame brexit. the real issue for tata steel is this and the timing is no coincidence https://economictimes.indiatimes.co...s-koushik-chatterjee/articleshow/69319634.cms
I suppose there's no point talking about the "ongoing difficulties" caused by cheap Chinese imported steel that pre-dated the Brexit Ref? No, thought not. Carry on, 1-dimensional folks! It's all Brexit's fault!
No still not reading it are we? The firm has reportedly faced a slump in orders from European customers due to uncertainty over the Brexit process. It has also been struggling with the prolonged weakness of sterling since the EU referendum in June 2016 and the escalating trade US-China trade war.
Perhaps you should read the link in my post a few above from the indian times? Tata was trying to merge with a German firm, but suspected the eu would never allow it so within the last week or so called the whole thing off and as of today has asked for 2 handouts in 2 weeks from the British government totalling nearly £200 million
British Steel was failing and in need of a rescue all the time we were in the EU and the reason it needs bailing out now is because the public voted to leave the EU? Does anyone listen to the arguments they are making?
Surely British Steel is in a great position to export to other countries due to the low cost of British steel due to the low price of sterling?
Yes, that was my impression. Plus if sterling is weak due to Brexit then Chinese imports are proportionally more expensive. You’d expect the weak £ to be a help not a hindrance. Strange.
