steel works port talbot fu... now

Well done leave campaign Wales you just put the final nail in.


Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.

Sky News has learnt that the billionaire tycoon Wilbur Ross, who is among seven bidders shortlisted for Tata Steel's UK business, has signalled that exiting the EU would diminish the prospects of him pursuing a takeover.

A number of other prospective buyers are understood to have similar concerns about the potential impact of Brexit on global demand for steel, the robustness of new trade deals negotiated by the Government, and the ability to sell steel produced in the UK in the European single market.

"Wilbur has been reasonably open that this deal is far less attractive if Brexit happens," said a person who has discussed the Tata Steel situation with Mr Ross.

Sources said this weekend that Tata Steel, which employs roughly 11,000 people in the UK, had raised the possibility of putting its British business into some form of liquidation, although they added that no decisions had been taken.

The company owns the vast Port Talbot steelworks in South Wales as well as smaller sites across the country.

The remaining bidders for Tata Steel's UK operations have been told by advisers to the company that they will be updated early next week on its intentions, according to a person close to the situation.

Prior to the referendum, Tata Steel had indicated to the Government that it was leaning towards retaining the bulk of its UK business, aided by a support package comprising an equity injection, loans and a possible restructuring of the British Steel Pension Scheme.

However, the vote to leave the EU has made that outcome less likely, a source said.

If Tata Steel did elect to walk away from its British operations - and found it impossible to sell them - the decision would escalate the industrial crisis confronting a key manufacturing sector as well as the political crisis facing Sajid Javid, the Business Secretary.

Well done leave campaign Wales you just put the final nail in.


Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.

Sky News has learnt that the billionaire tycoon Wilbur Ross, who is among seven bidders shortlisted for Tata Steel's UK business, has signalled that exiting the EU would diminish the prospects of him pursuing a takeover.

A number of other prospective buyers are understood to have similar concerns about the potential impact of Brexit on global demand for steel, the robustness of new trade deals negotiated by the Government, and the ability to sell steel produced in the UK in the European single market.

"Wilbur has been reasonably open that this deal is far less attractive if Brexit happens," said a person who has discussed the Tata Steel situation with Mr Ross.

Sources said this weekend that Tata Steel, which employs roughly 11,000 people in the UK, had raised the possibility of putting its British business into some form of liquidation, although they added that no decisions had been taken.

The company owns the vast Port Talbot steelworks in South Wales as well as smaller sites across the country.

The remaining bidders for Tata Steel's UK operations have been told by advisers to the company that they will be updated early next week on its intentions, according to a person close to the situation.

Prior to the referendum, Tata Steel had indicated to the Government that it was leaning towards retaining the bulk of its UK business, aided by a support package comprising an equity injection, loans and a possible restructuring of the British Steel Pension Scheme.

However, the vote to leave the EU has made that outcome less likely, a source said.

If Tata Steel did elect to walk away from its British operations - and found it impossible to sell them - the decision would escalate the industrial crisis confronting a key manufacturing sector as well as the political crisis facing Sajid Javid, the Business Secretary.

And my industry has been ravaged by cheap European labour....construction......so had we remained then what about me.????

Will get dripped fed these stories from pro in people for next 6 mnths at least, probably nothing to do with out vote just propaganda!!

Let's wait and see maybe coming out of Europe might bring new buyers who knows

The guy that the op is talking about is not one of the preferred bidders, and so he was dropping out anyway, just using Brexit as an excuse

They've all dropped out. Well and truly fuc....... now. Well done outers!!!!!!!!!!?

They've all dropped out. Well and truly fuc....... now. Well done outers!!!!!!!!!!?

Got news for you. The steel industry has been in crisis for years, not just since we voted "out". What did the EU do for the steel industry in Sheffield and throughout the rest of Britain. Nothing.

Well its truly fuc..... now with no rescue in site.

However, thosands of jobs going in port talbot must be the bit of pain the outers were talking about and is well worth it.

However, thosands of jobs going in port talbot must be the bit of pain the outers were talking about and is well worth it.

It is our government who have been, and will continue to fight for the future of the steel industry in this country. The EU have no interest in the UK Steel industry, and there was no certainty as to Port Talbot's future on Thursday, and there is still no certainty as to it's future. Everyone is jumping to conclusions when in all honesty, they have absolutely no idea what will happen in the future.

Well done leave campaign Wales you just put the final nail in.


Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.

Sky News has learnt that the billionaire tycoon Wilbur Ross, who is among seven bidders shortlisted for Tata Steel's UK business, has signalled that exiting the EU would diminish the prospects of him pursuing a takeover.

A number of other prospective buyers are understood to have similar concerns about the potential impact of Brexit on global demand for steel, the robustness of new trade deals negotiated by the Government, and the ability to sell steel produced in the UK in the European single market.

"Wilbur has been reasonably open that this deal is far less attractive if Brexit happens," said a person who has discussed the Tata Steel situation with Mr Ross.

Sources said this weekend that Tata Steel, which employs roughly 11,000 people in the UK, had raised the possibility of putting its British business into some form of liquidation, although they added that no decisions had been taken.

The company owns the vast Port Talbot steelworks in South Wales as well as smaller sites across the country.

The remaining bidders for Tata Steel's UK operations have been told by advisers to the company that they will be updated early next week on its intentions, according to a person close to the situation.

Prior to the referendum, Tata Steel had indicated to the Government that it was leaning towards retaining the bulk of its UK business, aided by a support package comprising an equity injection, loans and a possible restructuring of the British Steel Pension Scheme.

However, the vote to leave the EU has made that outcome less likely, a source said.

If Tata Steel did elect to walk away from its British operations - and found it impossible to sell them - the decision would escalate the industrial crisis confronting a key manufacturing sector as well as the political crisis facing Sajid Javid, the Business Secretary.

And my industry has been ravaged by cheap European labour....construction......so had we remained then what about me.????

European labour won't stop in construction even if some sort of points system is brought in I'm afraid.

At least the government can help the UK steel industry now. The European Union fair play rules would not let them before. The UK produces 12 million tonnes of steel a year, but we consume 16 million tonnes. So there is room four our industry in the UK to expand. Tata have wanted to pull the plug for months, and use the Brexit as an excuse to leave. Hopefully we get a management buy out / consortium with liberty steel and the government. British steel will rise again! The government gives billions of pounds of steel contracts to France, Germany and Italy. All because European union regulations wont let them favour British steel works!

Well done leave campaign Wales you just put the final nail in.


Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.

Sky News has learnt that the billionaire tycoon Wilbur Ross, who is among seven bidders shortlisted for Tata Steel's UK business, has signalled that exiting the EU would diminish the prospects of him pursuing a takeover.

A number of other prospective buyers are understood to have similar concerns about the potential impact of Brexit on global demand for steel, the robustness of new trade deals negotiated by the Government, and the ability to sell steel produced in the UK in the European single market.

"Wilbur has been reasonably open that this deal is far less attractive if Brexit happens," said a person who has discussed the Tata Steel situation with Mr Ross.

Sources said this weekend that Tata Steel, which employs roughly 11,000 people in the UK, had raised the possibility of putting its British business into some form of liquidation, although they added that no decisions had been taken.

The company owns the vast Port Talbot steelworks in South Wales as well as smaller sites across the country.

The remaining bidders for Tata Steel's UK operations have been told by advisers to the company that they will be updated early next week on its intentions, according to a person close to the situation.

Prior to the referendum, Tata Steel had indicated to the Government that it was leaning towards retaining the bulk of its UK business, aided by a support package comprising an equity injection, loans and a possible restructuring of the British Steel Pension Scheme.

However, the vote to leave the EU has made that outcome less likely, a source said.

If Tata Steel did elect to walk away from its British operations - and found it impossible to sell them - the decision would escalate the industrial crisis confronting a key manufacturing sector as well as the political crisis facing Sajid Javid, the Business Secretary.

Shame they didnt strike in support of the miners when asked back in the 80s..

At least the government can help the UK steel industry now. The European Union fair play rules would not let them before. The UK produces 12 million tonnes of steel a year, but we consume 16 million tonnes. So there is room four our industry in the UK to expand. Tata have wanted to pull the plug for months, and use the Brexit as an excuse to leave. Hopefully we get a management buy out / consortium with liberty steel and the government. British steel will rise again! The government gives billions of pounds of steel contracts to France, Germany and Italy. All because European union regulations wont let them favour British steel works!

I really hope your right but I won't hold my breath.Watch the excuses come out like"we can't help you because were not out of the EU yet".The right thing to do would be to slap an immediate tariff on steel imports so that at least it can survive but my gut feeling is that the government will stop short of what is needed.

Well done leave campaign Wales you just put the final nail in.


Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.

Sky News has learnt that the billionaire tycoon Wilbur Ross, who is among seven bidders shortlisted for Tata Steel's UK business, has signalled that exiting the EU would diminish the prospects of him pursuing a takeover.

A number of other prospective buyers are understood to have similar concerns about the potential impact of Brexit on global demand for steel, the robustness of new trade deals negotiated by the Government, and the ability to sell steel produced in the UK in the European single market.

"Wilbur has been reasonably open that this deal is far less attractive if Brexit happens," said a person who has discussed the Tata Steel situation with Mr Ross.

Sources said this weekend that Tata Steel, which employs roughly 11,000 people in the UK, had raised the possibility of putting its British business into some form of liquidation, although they added that no decisions had been taken.

The company owns the vast Port Talbot steelworks in South Wales as well as smaller sites across the country.

The remaining bidders for Tata Steel's UK operations have been told by advisers to the company that they will be updated early next week on its intentions, according to a person close to the situation.

Prior to the referendum, Tata Steel had indicated to the Government that it was leaning towards retaining the bulk of its UK business, aided by a support package comprising an equity injection, loans and a possible restructuring of the British Steel Pension Scheme.

However, the vote to leave the EU has made that outcome less likely, a source said.

If Tata Steel did elect to walk away from its British operations - and found it impossible to sell them - the decision would escalate the industrial crisis confronting a key manufacturing sector as well as the political crisis facing Sajid Javid, the Business Secretary.

You spout all this rubbish constantly with no evidence what so ever that the EU would have saved the steel industry. What have they done for the likes of Port Talbot before hand? That place was going to the wall long before this referendum happened.

More scare tactics by the remain side, truth is nobody is going to know how this referendum will play out, I personally think the EU is falling apart and this is the beginning of the end of it.

Well done leave campaign Wales you just put the final nail in.


Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.

Sky News has learnt that the billionaire tycoon Wilbur Ross, who is among seven bidders shortlisted for Tata Steel's UK business, has signalled that exiting the EU would diminish the prospects of him pursuing a takeover.

A number of other prospective buyers are understood to have similar concerns about the potential impact of Brexit on global demand for steel, the robustness of new trade deals negotiated by the Government, and the ability to sell steel produced in the UK in the European single market.

"Wilbur has been reasonably open that this deal is far less attractive if Brexit happens," said a person who has discussed the Tata Steel situation with Mr Ross.

Sources said this weekend that Tata Steel, which employs roughly 11,000 people in the UK, had raised the possibility of putting its British business into some form of liquidation, although they added that no decisions had been taken.

The company owns the vast Port Talbot steelworks in South Wales as well as smaller sites across the country.

The remaining bidders for Tata Steel's UK operations have been told by advisers to the company that they will be updated early next week on its intentions, according to a person close to the situation.

Prior to the referendum, Tata Steel had indicated to the Government that it was leaning towards retaining the bulk of its UK business, aided by a support package comprising an equity injection, loans and a possible restructuring of the British Steel Pension Scheme.

However, the vote to leave the EU has made that outcome less likely, a source said.

If Tata Steel did elect to walk away from its British operations - and found it impossible to sell them - the decision would escalate the industrial crisis confronting a key manufacturing sector as well as the political crisis facing Sajid Javid, the Business Secretary.

Shame they didnt strike in support of the miners when asked back in the 80s..

Jason,your not quite 100% accurate there are you.They were asked and said they would support as much as they could but they couldn't walk out and leave the furnaces because once cooled they are buggered and cannot be fired again.This would have meant the closure of the steel works and the loss of all the jobs but Scargill demonstrated time and again he couldn't give a shit for anyone else only the miners.

Well done leave campaign Wales you just put the final nail in.


Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.

Sky News has learnt that the billionaire tycoon Wilbur Ross, who is among seven bidders shortlisted for Tata Steel's UK business, has signalled that exiting the EU would diminish the prospects of him pursuing a takeover.

A number of other prospective buyers are understood to have similar concerns about the potential impact of Brexit on global demand for steel, the robustness of new trade deals negotiated by the Government, and the ability to sell steel produced in the UK in the European single market.

"Wilbur has been reasonably open that this deal is far less attractive if Brexit happens," said a person who has discussed the Tata Steel situation with Mr Ross.

Sources said this weekend that Tata Steel, which employs roughly 11,000 people in the UK, had raised the possibility of putting its British business into some form of liquidation, although they added that no decisions had been taken.

The company owns the vast Port Talbot steelworks in South Wales as well as smaller sites across the country.

The remaining bidders for Tata Steel's UK operations have been told by advisers to the company that they will be updated early next week on its intentions, according to a person close to the situation.

Prior to the referendum, Tata Steel had indicated to the Government that it was leaning towards retaining the bulk of its UK business, aided by a support package comprising an equity injection, loans and a possible restructuring of the British Steel Pension Scheme.

However, the vote to leave the EU has made that outcome less likely, a source said.

If Tata Steel did elect to walk away from its British operations - and found it impossible to sell them - the decision would escalate the industrial crisis confronting a key manufacturing sector as well as the political crisis facing Sajid Javid, the Business Secretary.

Shame they didnt strike in support of the miners when asked back in the 80s..

Jason,your not quite 100% accurate there are you.They were asked and said they would support as much as they could but they couldn't walk out and leave the furnaces because once cooled they are buggered and cannot be fired again.This would have meant the closure of the steel works and the loss of all the jobs but Scargill demonstrated time and again he couldn't give a shit for anyone else only the miners.

Im glad that was cleared up. I had a history lesson then.

I have just caught the clap...is it because I voted out ????? And no it is more than likely Tata will do a deal with the government.
Existing the EU will see us rid of numerous restrictive practices which will help not hinder any owner/potential owner

How many work in port talbot steel works?????

How many work in port talbot steel works?????

You should know as you have been claiming on multiple threads that all these jobs are about to go.

Reading op it's like a lot of the in mobs only speculation? who is to say any of the mentioned people word have Ben suitable or would have bought any of the works? Scaremongering by pro in brigade again?

Let's wait and see maybe coming out of Europe might bring new buyers who knows

Steve, you may be correct and it wouldn't be the first time a potential 'buyer' of any business has tried to bring down the price, would it?

https://t.co/oyf2LdwvJZ

f**k.........

They've all dropped out. Well and truly fuc....... now. Well done outers!!!!!!!!!!?

So none of the prospective buyers have actually pulled out. Still, no point in letting facts get in the way of a good story.

They've all dropped out. Well and truly fuc....... now. Well done outers!!!!!!!!!!?

So none of the prospective buyers have actually pulled out. Still, no point in letting facts get in the way of a good story.

He's been like a spoilt little drama queen over numerous threads mate, take no notice is the best advice I think.

https://t.co/oyf2LdwvJZ

f**k.........

Bollocks
http://www.cityam.com/244086/aston-mart ... exec-warns

http://www.bbc.co.uk/news/uk-wales-politics-36632815

http://www.bbc.co.uk/news/uk-wales-politics-36632815

Don't upset blue lagoon now ,He's on a one man crusade to overturn the referendum

http://www.bbc.co.uk/news/uk-wales-politics-36632815

Don't upset blue lagoon now ,He's on a one man crusade to overturn the referendum

He's still scaremongering. Somebody needs to tell him it's not needed, the referendum was Thursday. Press now reporting that Port Talbot may become easier to sell because sterling has fallen. Be interesting, hope they can be saved. Whatever happens, nobody has pulled out yet despite the rubbish Blue Lagoon has been spouting on here.

I hope im proved wrong. Goodnight all and sleep tight and dont have nightmares. Boris will sort it out with his Eton chums.

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