It looks like the Indian owned Corus Steel is selling Redcar (Teeside Cast Products) to a Thai steelmaking company (SSI)
See this link BBC Report
This is some really good news for the people of Teeside.
It is a shame that this is simply one foreign corporation exchanging ownership with another
but at least it looks like it will mean that Redcar will re-open and re-start production.
I still have my worries about why we allow our people and stategic industries to be ping-ponged to and fro by the the likes of TATA, Kraft and others.
But SSI do at least plan to re-open the plant, which is more that the TATA owned Corus could manage.
We will see the people of the North-East will get back to doing what they are superbly good at.
Heavy engineering and steel making.
I really, really, really hope this works out well.
Good luck to my friends in the North-East.