Thai-owned company will shut Teesside plant indefinitely after sharp falls in steel prices One of the UK’s biggest steelmaking plants,at Redcar on Teesside, is to stop production after nearly 100 years, or with the loss of 1700 jobs. The plant’s owner,Thai-owned SSI, said that after reviewing the trade it had no choice but to mothball the operations. SSI had set aside production on hold ten days ago ahead of a final decision on its future. Coke ovens and a power station at the site would continue to function, and it said.
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Source: theguardian.com