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British Steel Industry Enters ‘Death Spiral’

Discussion in 'Preparedness & Survival' started by erudne, Jan 19, 2016.

  1. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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  2. Foreverlost

    Foreverlost South of LesbianVille, OR. Active Member

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    Best of luck to the brits. Better get ready to bend over and kiss arse goodby.

    I know of what I speak: North America ran out of high grade iron ore (hematite) shortly after WWII. Not long afterwards ore had to be processed to increase the iron content so it was worth shipping (taconite). Hundreds of thousands of jobs were lost in the USofA. Guvmint did nothing!

    Bottom line: Environmental issues, labor cost, health care, pensions were more nails in the coffin. In the 1980's a vice president of the company I worked for, told us to find other jobs not related to the USofA steel industry. Manufacturing was going overseas, period!

    Not to put all the blame on guvmint; those that have the $$$$$ would rather make billions in China, than only millions in the USofA. High grade ore now comes from Brazil & Australia, mined by Rio Tinto. When I started work, all the company's employees were here in the states. Today, over 3/4ths, work & are from other countries.

    Further reading: Carneigi, Frick, & Mellon.

    Foreverlost,
     
    Last edited: Jan 20, 2016
  3. BillM

    BillM Amity OR Bronze Supporter Bronze Supporter

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    The British steel industry rolled over years ago. What we have here is the INDIAN
    steel industry (Tata is from INDIA) cutting back at some overseas (to them) plants.
     
  4. Foreverlost

    Foreverlost South of LesbianVille, OR. Active Member

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    .............Arcelormittal

    Foreverlost,
     
  5. Certaindeaf

    Certaindeaf SE Portland Well-Known Member

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    Steel buggy whips are so passé.
     
    ZA_Survivalist likes this.
  6. Martini_Up

    Martini_Up NW USA Well-Known Member

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    Judas Priest. That's all I can come up with....
     
    DeanfromOregon and Fjordforder like this.
  7. Fjordforder

    Fjordforder Pierce County Active Member

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    There I was completely wasting, out of work and down;
    all inside it's so frustrating as I drift from town to town!
     
  8. brian niziol

    brian niziol smoky lake alberta canada New Member

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    The workshop of the world is now the banking fraud capital of the world. Too bad for the middle class.