Renewed hope for Redcar Corus plant sale

Workers outside Redcar steel plant Hundreds of jobs were lost when the blast furnace was shut down

Related Stories

The chief executive of Corus has hinted at a possible sale of Redcar's Teesside Cast Products plant.

Speaking in India at a presentation of parent company Tata's financial results Kirby Adams said talks were continuing and he expected a "good result".

The plant was partially mothballed with the loss of 1,600 jobs in February.

Corus is believed to be in discussions with Thai steelmaker SSI, but all parties have signed confidentiality agreements.

Mr Adams said: "Regrettably there's nothing new to report today on the Teesside process, but the process is continuing and we are expecting a good result."

He also praised employees for "safely mothballing Teesside".

Geoff Waterfield, chair of the the multi union, said: "We've seen an improvement in all market places, certainly there's been a massive surge forward in the areas we would be looking to sell our steel.

"Corus have indicated to us that they are not dragging their feet, and that's a good sign.

"There's also an interested party that wants to get on with things, so hopefully I'd like to see us making steel for Christmas."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Tees



9 °C 7 °C


Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.