Steel output in Britain was virtually unchanged last year at 11.9 million tonnes following a 24 per cent increase in 2013, said industry group UK Steel. The main cause of the disappointing result has been a growth in imports.
We are seeing a growth in steel imports being dumped in the UK and other EU countries.
UK Steel director Ian Rodgers said: "The rise in the value of sterling, the demand in the UK compared with the stagnating eurozone and the slowdown in Chinese growth combined to make our market a magnet for overseas steel companies with excess capacity.
"We are seeing a growth in steel imports being dumped in the UK and other EU countries.
"This underlines the need for the European Commission to act vigorously to discipline unfairly traded steel imports."
Source: Express.co.uk
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