A historic vote for Brexit endangers the hope of saving the 11,000 jobs in the steel sector. Also, including 3,000 from the Port Talbot furnace, as Tata Steel reconsiders its future in the UK.<\/p>\n\n\n\n
The Indian company put its UK<\/strong> assets up for sale in March. And he has already sold a factory in Scunthorpe. Although there have been rumors in recent weeks that Tata Steel bosses could accept government support to stay in the UK.<\/p>\n\n\n\n A source close to the 11,000 affected steelworkers described the result of the referendum as a „disaster”. What will endanger finding a new owner for the company.<\/p>\n\n\n\n Another rumor circulating brings more bad news for the British steel industry<\/a>. These indicate that Tata could sign a deal with German steelmaker ThyssenKrupp<\/a> to merge its steel operations across Europe. It is believed that this would lead to the closure of the Port Talbot factory. Because it is less efficient than other factories of the merged company.<\/p>\n\n\n\n A Tata spokesman said: \u201cWe will always respect the decisions of the UK electorate. Whatever the political setting, we are committed to developing the best possible prospects for our UK operations. „<\/p>\n\n\n\n The drop in sterling caused by the referendum could, however, help the U.K. steel industry. Because it makes UK steel exports <\/strong>cheaper, and Britain a less attractive country for China.<\/p>\n\n\n\n Article source: http:\/\/www.telegraph.co.uk\/business\/2016\/06\/24\/fresh-doubts-over-future-of-uk-steel-as-impact-of-brexit-vote-we\/<\/p>\nBad news for the future of the British steel industry<\/h2>\n\n\n\n
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