Off topic, but maybe of interest :- |
@WC104 we did push on with nuclear very fast maybe too fast as the AGRs got bogged down in technical issues then workforce issues wrecked the timelines on several builds. They came good in the end and despite the negativity from Thatchers era that bought us Sizewell B they have performed extremely well with several now going to see over 40years service. OF course we failed to capitalise on exports and even worse we just gave up the indigenous capabilities we had so need to import now just like solar panels! |
The French really benefited from going mega nuclear The civilian nuclear reactor we of course invented and then promptly did little with it Not only should we be nuclear but we ought to have taken our lead and built an export industry of it |
Looks like we’re at the point on the chart that might have a wibbly-wobbly formation for a while. |
 Marktime
Apologies for continuing O/T conversation, but it is exactly the arguments you are making that have resulted in the de-industrialisation of the UK, a London centric economic focus, a warehouse economy everywere else and GDP per head in continual decline and falling way behind our peer countries which is costing us all.Just to put the record straight :1. For every direct job lost it leads to another 1.5 indirect jobs lost.2.Job Prospects for steelworkers which are in depressed areas of the country are poor and would be at less than half the annual salary earned in a steelplant3. Remediation , s/s benefits , lost tax take, and retraining costs would exceed govt aid. 4. Our steel plants are amoung the most efficient producing the highest quality steel in the world. But Steel plant losses are high due to the high energy costs in the uk which is highest component of unit costs , 50% higher than France.5. Our trade balance would also take a hit. 6. We are at the mercy of foreign suppliers and imports to supply our defence , construction and engineering industries. In 2016 1000 direct jobs were lost at Scun thorpe because we placed contracts for steel for our Trident subs with France and Belgium.
I could go on. |
safe haven from all the tariff carnage |
TRIG and BSIF tracking in a similar pattern |
What I am focusing on is that NESF traded as low as 61p just 9 days ago, and at 72p (last trade) is 18% higher. Coke, steel, furnaces and pig iron hardly answers the question as to why. I would look to animal spirits, stupidity, wanton selling and desperation as likelier determining parameters.
And, who would say, Rathbones and Investec both being large holders - but those parameters are already accounted for in the preceding. |
Don't want to speak too soon but a close above 71p looks like a breakout from this resistance with 90-100p next hopefully |
Thats correct , the grades of steel that electric arc cannot produce will be provided by imports of semi finished steel ( ingots, slabs and billets) from india and china |
The evironmental damage is the huge use of electricity which peaks massively when the furnace is started so will not all be provided by renewables, and requires a huge investment in grid infras tructure. Even at their peak Scu'horpe and Port Talbot only produced about 6m to 7m tonnes per year in total (and only half of that is planned from electric , the rest is made up from imports of dirty steel also incurring transport emmissions) compared to a billion tonnes of mainly primary steel making in China so whats the point?We need to follow the lead from Sweden and Japan:htTps://fuelcellsworks.com/2025/01/03/clean-energy/breaking-barriers-world-s-first-43-percent-co2-reduction-in-blast-furnaces-with-hydrogen |
RR
If you claim its false please point me in the direction of your evidence, because all you’ve given is an opinion.
As understand it, from a brief attempt at finding information recently, the order of preference would be:
Green H2 furnace
Other H2 furnace
Electric Arc
Blast furnace
Afaik only the last 2 are currently fully viable. |
Because it is not right to replace primary steel making with electric remelting for large steel plants, this a falsehood pushed by foreign ie Indian and chineses owners. |
RR
So are you saying that there is no slternative to blast furnaces?
Also I would be very interested to see a comparison of the environmental impact of the use of coking coal for blast furnaces vs whatever environmental damage you are talking about for electric arc furnaces. |
O/t
Alongside the publicity around Svunthorpe has anyone seen any politician quizzed about the lack of earlier installation of electric arc furnaces? I just wonder who was in government at a time when it would have been right to take action on that earlier. |
Wind or hydro may work better for Wales ;)
Someone - perhaps FSFL - needs to mash the solar ITs together. FSFL + BSIF + NESF would have a lot of clout. |
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