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    Ministers considering renationalising British Steel
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    Ministers considering renationalising British Steel

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    23 Comments

    1. sim-pit on

      We’re going to have the most competitive steel production in the world with our regulations and world beating high electricity prices.

      We’ll be a green powerhouse.

    2. IgneousJam on

      Renationalising an industry that’s dead. Another fine way to waste taxpayer’s money. GB sits on a bed of coal – but won’t use any of it to make its own steel. This country’s industrial policy of the past 50 years has been suicidal

    4. Salty_Nutbag on

      Just so I’m clear, this is the anti-nationalising post?
      And the railways one is for the pro-nationalisation people?

      I like this. Keep the two sides separated in different posts, and then there’s none of that dreadful arguing.

    5. Moiukal on

      Didn’t we sell it to the Chinese and then have a televised mockery of Chinese business meeting with the royals,

    6. ThePolymath1993 on

      I’m pretty sure nationalisation would be breaking the law in this day and age. If they could find a way to do it, I guess it’d prove you don’t need to be old to be wise though.

    7. KindlyRecord9722 on

      This is for the best. People here complaining about it being too uncompetitive, but fail to realise that having an independent source of steel is vital for any country. Even if we ran our steel mills at a large loss it is still preferable to no steel at all. People don’t complain about the army or fire service being a drain on public finances, steel is no different.

    8. Old_Roof on

      Absolutely the correct move. It’s too important to let it collapse. And I’ve always had a major problem with Chinese & Indian conglomerates owning it and not investing in it

    9. 00DEADBEEF on

      It’s probably a good idea to not be reliant on imported steel to build important things like warships

    10. Smaxter84 on

      This will work really well. They can make steel for 152hrs per year….when it’s really fucking windy and the middle of the night lol

    12. trickup on

      If we are committed to bailing them out because we believe steel is of strategic importance, but the industry cannot be profitable in the uk, we should nationalise it

    13. kilotaras on

      Quick googling shows it takes [roughly 4 MWh](https://www.sustainabilitybynumbers.com/p/green-steel-goodall) of energy per ton of steel.

      Ton of steel right now costs [£362](https://www.dailymetalprice.com/metalpricecharts.php?c=st&u=mt&d=240). 4 MWh at [average electricity price](https://assets.publishing.service.gov.uk/media/66f3cb577e1625ee0d0c6f0b/Quarterly-Energy-Prices-September-2024.pdf) would cost around £729.

      Nationalising British Steel will not change that math.

    15. TinitusTheRed on

      Given we appear to be on a collision course with Russia and it allies, having a home supply of steel will be essential when we need to rapidly source or produce  material for defence.

      It’s a strategic and defence led decision most likely. 

      Yeah part ideological, but if it helps the pending war effort I’m all for it.

    16. Unsey on

      God dammit just nationalise oil production. Do a Norway and build up an enormous soverign wealth fund and fund huge green initiatives etc.

    18. XyploatKyrt on

      Funny, I was thinking recently we should do this with Port Talbot for the sake of national security.

    19. Pinhead_Larry30 on

      Steel should be nationalised and heavily invested in, cut the regulations too. It’s a strategic industry, we need steel. If a war happens we won’t be able to import alot of it to make the tools we need to protect ourselves.

    20. monster_lover- on

      • destroy industry with regulations and red tape

      • oh look at the failing of private businesses, nationalisation is the only way

    22. Stoocpants on

      Nationalise it so they can shut it down faster, and outsource production to third-world countries.