UK government under pressure to intervene in SSI Redcar steel plant closure

By Myles McCormick
Published: Wednesday, 30 September 2015

Pressure is mounting on the British government to intercede on behalf of workers in the closure the northern England steelmaking facility. But further market intervention is the last thing the saturated industry needs, delegates at last week’s UNITECR conference heard.

Bangkok-listed Sahaviriya Steel Industries Plc (SSI) has announced the mothballing of its facility in the town of Redcar, northern England, one of the UK’s biggest steelmaking plants.

The closure of the plant after 100 years of operation will cause 1,700 job losses.

The move comes as the industry...

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