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The steel industry is facing too much supply and tumbling prices. Much of the problem is coming from China, where CCP policies have led to overcapacity.
Tata has decided to press ahead with closing blast furnaces at its South Wales site.
Experts are divided over a move to align closer to EU laws, as the steel industry is set to suffer job losses as a result of plans to de-carbonise the sector.
Labour leader Keir Starmer expressed his support for the steel industry in a recent visit, as trad unions voice concerns over damage to the local job market
The government has committed to a support package for the steel industry, while Labour have included pledges to the industry in their ‘Green Prosperity Plan.’
Tata Steel is planning to sell its U.K. business after the company’s board unanimously concluded that saving its plants in the country was simply not affordable.
In Redcar, a town in the northeast of England, the community is reeling from the closure of a steelworks. It’s not just Redcar...
Xu Xiaonian, a well known economist in China, says that local political incentives still obstruct growth.
In Alabama last week, an estimated 900 union reps, politicians, local business owners, and their families rallied to raise awareness of supposed steel import dumping and how it threatens their way of life. They have a point.
