The decline in the price of Steel. Part-One.

TATA-U.K. and Port Talbot Steelworks.

We tend to forget that most machines built where made from either iron or steel and today there is a big change with the introduction of Polymers (Tough Plastics). 

The Peoples Republic of China has flooded the world market with cheap steel and many nations have been effected by this slump in the prices. This was not done deliberately, because they have undermined themselves too! 

Port Talbot has been around for over 100 years like many of its now defunct counterparts, it started life as an iron foundry and progressed as science required it to do so. Steel today is used in cannery, automobiles, military vehicles and ship building. But many countries, including the U.K. have lost much of this, the other serious problem with steel is the amounts of scrap and the need to re-cycle it.

The costs lay in the electrical supply for maintaning production, the transportation and mining of fossils from coal to alumina and ore, much of the third world has been left scarred with the removal of bauxite-alumina. Because once it is exposed to the atmosphere it is highly dangerous and this toxic problem has been no stranger to the workforces in the steel working industry and those down wind of smoke.

There is that other side of of heavy industry that people forget as they strive for new things, respiratory problems, lung disease, cancers, asbestosis exposure, that has left generational marks and continues world wide to do to this day.