"Frankly speaking, the UK Government has two months to save the UK steel industry because this is a death knell for the industry at large and its supply chains. If the UK doesn't act we won't have a steel industry not many months from now. We need action, we need action now, that needs to be in position by July 1."
"At the moment to date, whilst the UK Government is working very hard on this, we are not in a position to be protecting the UK industry, which is putting the UK steel industry at severe threat."
The UK steel industry is teetering on the brink and faces severe threat without urgent state support. Urgent government intervention is required within two months to prevent collapse of the industry and its supply chains. Cheap imports from China are undermining domestic producers and intensifying pressure across the sector. Calls have been made for the government to impose import tariffs similar to measures adopted by the EU and US. Current government measures are assessed as insufficient to protect the industry, risking plant closures and job losses. Action needs to be in place by July 1 to provide immediate protection and support.
Read at London Business News | Londonlovesbusiness.com
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