whisperingsmith:
> gingerfold:
> British Steel has asked for a £75 million taxpayer load from the government to prevent it going into administration as early as this week. Insolvency accountancy practitioners are already on standby. No mention of Brexit in any reports I have read. The biggest plant that would be affected by the company failing is Scunthorpe.The BBC reported this morning: British Steel 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 US-China trade war.British Steel seeks government loan for 'Brexit issues' - BBC News
Strange but no surprise how ‘British’ Steel hasn’t been moaning about the German/Dutch/Belgian market share of the domestic market and resulting trade deficit.Also bearing in mind imports of finished products made with German steel. 