10/21/2015

UK steel sector imploding, Tata Steel blames cheap Chinese imports

The crisis in Britain's steel sector escalated further on Tuesday as Tata Steel blamed its decision to cut 1,200 British jobs from its UK operations squarely on a flood of cheap imports, particularly from China. This month alone, over 4,000 UK steel jobs have been lost or are now at risk, with the country's steelmakers and unions pinning much of the blame on China. The timing couldn't be worse as President Xi Jinping commences his long awaited state visit to Britain.