Copying and distributing are prohibited without permission of the publisher

MoU points to Redcar resolution

August 30, 2010 - 00:00 GMT

Workers at the beleaguered Teesside Cast Products (TCP) steelworks have reason to be hopeful.

Workers at the beleaguered Teesside Cast Products (TCP) steelworks have reason to be hopeful. Last week Corus, the plant’s owner, said it had signed a MoU to sell the north-of-England facility to Thailand’s Sahaviriya Steel Industries (SSI). A sales agreement is yet to emerge, but this is encouraging. Corus should be congratulated for the progress it has made and for the effort it has expended in finding a solution for the site — it has been a very difficult process. The political...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • COMMENT: When super-cycle poster child BHP Billiton trims its plans...

    BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.

  • LORD COPPER: There is nothing to fear after JP Morgan loss ...

    So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

Upcoming Events

Most readMost emailed

Popular Searches on MB

MB Glossary


From Aluminium to Zinc...
Search this free glossary on metals