The Whyalla steel works must be saved, at any cost

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Originally Posted by frantic

Who would have thought a Tory govt in the uk would nationalise part of any industry let alone steel?
Steel crisis: UK willing to take 25% stake in rescue deal - BBC News

Maybe somebody in Canberra could learn a thing or two?

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Bit like the American Government buying GM and Chrysler to stop them collapsing during the GFC and then floating them and selling them when they had recovered. Well done Obama, I say. America is certainly much better off than it would have been if GM and Chrysler had gone down. So the home of the free market and capitalism was quite prepared to intervene and nationalise to save an industry. Good thing too.
Equally, you can bet the Chinese Government will do whatever it takes to protect its industries.
We need to get over this level playing field fantasy and wake up to how the world really works.

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Well the horse has bolted but better late than never I suppose. A shame they could not have acted before the **** hit the fan.

Implications for China free trade aggreement, and how will China react. ???

Struggling steelmaker Arrium to be boosted by new import duties imposed on cheap Chinese steel

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Import duties will be imposed on "unfairly priced" Chinese steel products by the Federal Government in a bid to help embattled South Australian steelmaker Arrium remain competitive.

Industry Minister Christopher Pyne said duties of between 37 per cent and 53 per cent of the export price would apply to "rod in coil", and between 11 per cent and 30 per cent on reinforcing bar.

The move is intended to drive down oversupply of Chinese steel, and is based on recommendations by the Anti-Dumping Commission.

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Originally Posted by Ferret

Well the horse has bolted but better late than never I suppose. A shame they could not have acted before the **** hit the fan.

Implications for China free trade aggreement, and how will China react. ???

Struggling steelmaker Arrium to be boosted by new import duties imposed on cheap Chinese steel

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Amazing what an election and bad polls will do. I don't care who does it, it had to be done.

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Originally Posted by bob10

Amazing what an election and bad polls will do. I don't care who does it, it had to be done.

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And that's all that matters.


Lets see how long it is before its said that the tariffs are not high enough.




Cheers Ean

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Originally Posted by Ean Austral

And that's all that matters.


Lets see how long it is before its said that the tariffs are not high enough.




Cheers Ean

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That will come from pure greed , that we know our most prominent businessmen/women are very capable of. It will take a strong leader to keep that under control, leaders are short on the ground in Aus. at the moment.

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Originally Posted by Ean Austral

And that's all that matters.


Lets see how long it is before its said that the tariffs are not high enough.




Cheers Ean

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Day one :D
Ours is 30% USA is 266% and they have a minimum 50% local on every govt job.
South Africa had the best idea, 100% govt jobs but company will cap profit on all jobs at 10%. Should have done the same here.

The new submarines are to be made with Australian steel. Amen to that. Hopefully the steelworks will be upgraded to provide the special steel for the pressure hulls.

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Originally Posted by bob10

The new submarines are to be made with Australian steel. Amen to that. Hopefully the steelworks will be upgraded to provide the special steel for the pressure hulls.

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Arrium can not make flat plate. They can make the steel grade but have no rolling mills for plate (BSL does).

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Originally Posted by Tombie

Arrium can not make flat plate. They can make the steel grade but have no rolling mills for plate (BSL does).

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As long as the work stays in Aus.