@fallen-archie wrote:
Looking at some independent facts on steel by far the most outstanding factor is the market price of steel which has plummeted from around £450 per ton to £160 per ton, that kind of drop is not sustainable in any circumstances. The reason for the fall is entirely the ridiculous output in China which dwarfs the output of any other nation. We have a Government which supports a market economy however China only plays with markets choosing to take whatever meets it's own interests therefore using my own fallable logic Chinese steel should be given import tarrifs which would make it more expensive than European steel, not because they need to be punished but more because they are causing the problem and it is they that should take a hit.
Wouldn't that wipe out whatever exports we have left such as car building, ship building and heavy engineering?
