Hypognosis - //It has ****er all to do with energy prices. We have 1700 staff at what wage?
What wage levels do you imagine pseudo-communist China pays, by comparison?//
I have to disagree.
When China imported its steel, the UK offered steel at a competitive price, and that included the wages of the staff who produced it, and the costs of transporting it.
As soon as China began bulk producing steel domestically, it matter not what price any foreign producer could offer, it was never going to be cheaper than China could make it for without import costs.
That is the issue - it has nothing to do with UK wages, or anyone else wages.
If you can produce anything at home, it will be cheaper than importing it - that is a basic fact of economics.
And in this scenario - Redcar are the losers, sadly.