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It's 'no secret' SSI is in tough financial position says Redcar MP

The steel firm SSI, which employs 1,800 people on Teesside, has reported massive losses for 2013.

The Thailand-based company, which operates a plant in Redcar, made a loss of more than £193m, although that is an improvement on the previous year, when global losses were £275m.

Ian Swales, MP Redcar, says it is "no secret" that SSI is in a tough financial position, but he does have confidence in the company:

Redcar steel timeline

The latest financial results from SSI UK are another twist in the turbulent history of the Redcar steel plant.

  • 1972 UK Government invests £1,000 million in a new integrated plant at Redcar capable of producing 12 million tons of steel per annum
  • 1974 Work begins on the site
  • 1979 The blast furnace is lit in November
  • 1980 UK steel industry employs 250,000 people, 33,000 in Teesside
  • 1988 British Steel is privatised
  • 1999 British Steel Ltd merges with Koninklijke Hoogovens to become Corus
  • 2003 Teesside Steel deemed surplus to Corus’s requirements
  • 2004 Teesside Cast Products thrown lifeline of 10-year deal with international consortium of buyers
  • 2007 Tata Steel buys Corus
  • 2009 Consortium ends agreement
  • 2010 Friday, February 19, Redcar blast furnace mothballed
The blast furnace is relit on April 15, 2012 Credit: ITV Tyne Tees
  • 2011 SSI signs a $469m deal with Tata Steel to buy Teesside Cast Products, and renames it SSI UK
  • 2011 Redcar Blast Furnace is relined, giving it a life of 15 to 20 years.
  • 2012 April 15, steel making returns to Teesside. The blast furnace is relit
  • 2014 Steel industry employs 19,000 nationally, 3,300 in Teesside
  • 2014 July sees SSI UK’s first monthly profit
  • 2014 Redcar Blast Furnace is the second biggest in Europe and can produce 10,000 tonnes per day.

SSI reports multi million pound losses

SSI re-opened the Redcar plant two and a half years ago Credit: ITV Tyne Tees

Steel firm SSI has reassured workers at it's Redcar plant after announcing annual losses of £193.4 million.

The figures for SSI UK, which runs the former British Steel works at Redcar, were for financial performance during 2013. The firm says it encountered extremely difficult business conditions as did many steel businesses across the world.

Though a significant deficit, the figures are an improvement on the £275m losses the previous year.

As forecast earlier in the year, the financial performance during 2014 has continued to improve and in June a positive monthly EBITDA result was achieved for the first time since the plant was restarted in April 2012. This trend of improved financial performance is continuing and with the support of the parent company, key stakeholders and suppliers, we are confident of achieving our goal of SSI UK becoming established as a viable and sustainable business.

– SSI Statement

Appeal to help trace missing man believed to be in Redcar area

Bryan Rawstron Credit: Cleveland Police

Police are currently searching in and around the Redcar area for a vulnerable missing man.

52-year-old Bryan Rawstron is described as a white male, 5’7” tall, of medium build with short dark brown hair which is greying. He has a short trimmed goatee beard and is possibly wearing a light coloured or white short sleeved shirt with a collar and thin hoops around the chest area. He is also possibly wearing jeans or grey tracksuit bottoms.

Anyone who has seen Bryan is asked to contact Cleveland Police.


Redcar’s former MP coming back home in art form

Tony Blair and Mo Mowlam, after the Hallett report has revealed that Mr Blair's Northern Ireland Secretary Mo Mowlam lobbied the Government's senior law officer to ask him not to prosecute a suspect to help boost peace process negotiations in 2000. Credit: Chris Ison/PA

A portrait of Mo Mowlam, Redcar’s well-known former MP, will be coming back to her constituency of 14 years as part of a cultural education programme.

John Keane’s painting of the former Northern Ireland Secretary, currently on show in the National Portrait Gallery, has been loaned to Kirkleatham Museum until Sunday, 14th December.

The loan is part of the Making a Mark programme organised by Tees Valley Museums and the National Portrait Gallery with the aim of making local school children more aware of their local heroes and heritage as well as increasing their aspirations.

Mo, Redcar’s MP from 1987 until 2001, was regarded as a Labour Party favourite for persuading key figures in Northern Irish politics to sign the Good Friday agreement through her direct approach to politics.

Councillor Steven Goldswain, cabinet member for community safety, said: “Being able to display the portrait of Mo in the constituency she called home for 14 years is a great honour for Kirkleatham Museum and all the staff that made it possible.”

Missing woman in Redcar

Police are appealing to trace a missing 22-year-old woman who was last seen on Coatham Road in Redcar, on September 10.

Kayleigh Mcfarlane was wearing a black T-shirt, black jeans, and a cream cardigan.

Anyone with information is asked to call police on 101.

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