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Old 18-01-2016, 16:41   #24
nomadking
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Re: Here we go again - Port Talbot to axe 1,000 steel jobs

Quote:
Originally Posted by TheDaddy View Post
You seem to be the one confused. As I already posted and there is nothing in your link that contradicts it.
Quote:
Governments are allowed to support things like research and development in the steel industry, but as soon as a plant is in financial difficulties, there are limitations on what can be done.
The money would have to be for specific things and NOT for keeping the plant open. IIRC one closed plant ran up losses of £300m. That meant the steel they were selling was at BELOW cost, ie DUMPING.

The "extra costs" I referred to, are the climate change ones.
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