Submitted on Saturday 3rd October 2015
Published on Friday 9th October 2015
Current status: Closed
Closed: Saturday 9th April 2016
Signatures: 41
Help Private British industry save the Redcar Steelworks - a Strategic UK Asset
A British company has the chance to buy a long term strategic asset at a bargain price. Redcar is almost making a profit and will be viable term as steel prices recover. Huge debts, owed by its owners SSI (UK) Ltd to banks in Thailand, have led to its liquidation - a golden opportunity for Redcar
Redcar has recently been refurbished. That money is lost to those in Thailand who invested it but it does not need to be lost to the people of Britain or Redcar.
A public, crowd funded, rescue package, vocally supported and encouraged by the Chancellor, would allow the liquidators Price Waterhouse the time and legal right to find a British buyer for the business as a going concern.
Steel will not always be $200 a tonne. Can we be reliant on foreign steel from a National Security perspective?
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