Forwarded from Global American Review
🇬🇧The deindustrialization of Britain goes on. The country may be left without steel industry.
Currently, the UK steel industry is facing a severe crisis. Unions warn that it is "a whisker away from collapse." Key issues contributing to this situation include escalating energy costs. The UK Steel report states that British steel producers pay nearly 50% more than manufacturers in the EU. This costs the industry an extra £37 million per year.
In 2024 and 2025, British steel companies will pay an average of £66 per megawatt hour for electricity, compared to £43 per MWh in France and £50 in Germany. This shows a gap in prices of up to £22 per megawatt.
According to industry lobby, the main factor behind this price difference is wholesale electricity costs, due to the country's reliance on gas for electricity production.
Global demand for steel has not recovered to pre-financial crisis levels, with many countries experiencing weak growth, particularly China. This has led to a slow market for steel and exacerbated the crisis in the UK.
UK steel production and demand have both dropped to historic lows in 2023, at 5.6 million tonnes and 7.6 million tonnes respectively, well below even pandemic levels from 2020. Production fell by 6%, while demand dropped by 14% in recent years.
In 2022, imports of iron and steel from China increased to 687,000 tonnes, compared to 303,000 tons in 2013. The industry has seen job cuts, and estimates suggest that up to 18,000 jobs may be at risk. Major companies like Tata Steel have announced large layoffs, raising concerns about the potential loss of even more jobs if the situation continues.
If current trends persist, the UK steel industry will not be able to withstand competition and the UK will lose its ability to produce steel which is very symbolic for the country where the industrial revolution has started.
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#Great_Britain #Steel_industry #decline
Currently, the UK steel industry is facing a severe crisis. Unions warn that it is "a whisker away from collapse." Key issues contributing to this situation include escalating energy costs. The UK Steel report states that British steel producers pay nearly 50% more than manufacturers in the EU. This costs the industry an extra £37 million per year.
In 2024 and 2025, British steel companies will pay an average of £66 per megawatt hour for electricity, compared to £43 per MWh in France and £50 in Germany. This shows a gap in prices of up to £22 per megawatt.
According to industry lobby, the main factor behind this price difference is wholesale electricity costs, due to the country's reliance on gas for electricity production.
Global demand for steel has not recovered to pre-financial crisis levels, with many countries experiencing weak growth, particularly China. This has led to a slow market for steel and exacerbated the crisis in the UK.
UK steel production and demand have both dropped to historic lows in 2023, at 5.6 million tonnes and 7.6 million tonnes respectively, well below even pandemic levels from 2020. Production fell by 6%, while demand dropped by 14% in recent years.
In 2022, imports of iron and steel from China increased to 687,000 tonnes, compared to 303,000 tons in 2013. The industry has seen job cuts, and estimates suggest that up to 18,000 jobs may be at risk. Major companies like Tata Steel have announced large layoffs, raising concerns about the potential loss of even more jobs if the situation continues.
If current trends persist, the UK steel industry will not be able to withstand competition and the UK will lose its ability to produce steel which is very symbolic for the country where the industrial revolution has started.
Share and subscribe to Global American Review
#Great_Britain #Steel_industry #decline
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Ukraine warns Iran of 'devastating consequences' if it continues to transfer missiles to Russia.
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If you thought the attacks on civilians in Moscow and surrounding regions was bad...
⚡️ Consequences of the shelling of Gorlovka.
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⚡️ Consequences of the shelling of Gorlovka.
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Military channels report that the Russian Armed Forces have launched a counteroffensive in the Kursk region in the third direction - from Olgovka to the center of the territory occupied by the Ukrainian Armed Forces .
It is also reported that the villages of Gordeyevka, Vnezapnoye, Viktorovka and Byakhovo , as well as parts of the villages of Apanasovka and Snagost in the Korenevsky district, were recaptured.
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It is also reported that the villages of Gordeyevka, Vnezapnoye, Viktorovka and Byakhovo , as well as parts of the villages of Apanasovka and Snagost in the Korenevsky district, were recaptured.
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Warships, submarines and coastal missile systems of the Pacific and Northern Fleets launched a joint missile strike on the naval targets of a simulated enemy as part of the large-scale Ocean-2024 exercises.
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🇷🇺 🇻🇳 Russian President Putin meets with Chairman of National Assembly of Vietnam, Tran Thanh Man in Moscow.
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Ryan Gosling was killed in the NWO.
A photograph of the actor in uniform appeared on the website of the "enemies of Ukraine" Mirotvorets. There he is listed as an FSB officer with the call sign "Runner", who was liquidated in the Kursk region.
As evidence, a link to a fake post on VKontakte is presented, which states that Rodion Timofeevich Goslov died a heroic death
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A photograph of the actor in uniform appeared on the website of the "enemies of Ukraine" Mirotvorets. There he is listed as an FSB officer with the call sign "Runner", who was liquidated in the Kursk region.
As evidence, a link to a fake post on VKontakte is presented, which states that Rodion Timofeevich Goslov died a heroic death
t.me/ForeignAgentIntel
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The United States may allow Kiev to launch strikes deep into Russia in the coming weeks, the Times newspaper writes, citing sources in the British government.
Where will the long-range ATACMS, AGM-158 JASSM and Storm Shadow reach if Ukraine is allowed to strike on Russian territory ?
The map is published by Ukrainian channels
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Where will the long-range ATACMS, AGM-158 JASSM and Storm Shadow reach if Ukraine is allowed to strike on Russian territory ?
The map is published by Ukrainian channels
t.me/ForeignAgentIntel
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