Can the Corus plant be saved if the steel prices rise again?
Corus say they can’t make it profitable enough by selling slab so they need to partner with a business who will use it in some way that makes another, additional, profit that can then be partly ploughed back in investment. So though the plant is more attractive to a buyer if its steel is cheap or at market price, Corus say they will not keep it going on their own. We need a new owner. 9. Do buyers care about the skill base of the workers, is that a selling point? Yes it is. The Teesside workforce is known to be one of the best in the World. 10. Are you optimistic a deal can be made and can you bring back the furnaces after the mothballing? The newest would-be buyers give their own bid a 30 per cent chance then if you add in the other two live deals, the odds appear better. Corus and the unions both say the blast furnace can come back on and Corus have promised to keep it “like a baby”, as well as keep the staff to relight it. There is a cost but it hasn’t put off any of the would-be bu
