It is looking as if Port Talbot can be sold.
In the deal it would convert from Blast furnace / Boss production to arc furnaces melting scrap.
There would still likely be job losses but in reduced numbers, staff can be retrained at the buyers Newport plant..Alpha Steel.
It is looking as if Politicians are assisting as a third party and forms of grants/loans are possible.
I sincerely hope it goes ahead.
To simply stick to market forces blindly is not good.
I agree with auster re a strategic view of the industry and help to maintain it. Nationalisation? No.
That has too many interfering political decisions overriding commercial ones within the strategic scenario.
