The company says the new site is expected to create 28,000 jobs and generate £50bn for the economy.
  • Hossenfeffer@feddit.ukEnglish
    13·
    11 days ago

    “How much British steel was used in the end?”
    “Approximately or absolutely?”
    “Approximately.”
    “Approximately none.”
    “And absolutely?”
    “Also none.”
    “But didn’t you agree to use British steel where possible.”
    “Oh, yes indeed. And we did. Where possible. As agreed.”
    “But why didn’t you use more?”
    “It wasn’t possible, I’d like to be clear on that point.”
    “Why wasn’t it possible?”
    “Chinese steel was cheaper.”

    • ohulancutash@feddit.ukEnglish
      11·
      11 days ago

      British Steel got itself into a mess. It decided not to invest in the equipment needed to make high-quality steel, so we get that from the Dutch. That leaves mid-grade steel but the Chinese happily crank that out by the shipload at a lower price.

      So you buy British if you don’t need quality, and you aren’t buying in quantity. And they wonder why they’re going under.