Quote:
Originally Posted by Chris
Given they have a serious over-capacity problem, I suspect they're simply trying to protect their own market. You can't blame them for that. We should be doing the same thing.
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And let is not forget that the steel industry was built upon the back of the coal industry, especially in the UK. The sharp decline in the coal industry, especially in regard to it's effect on pollution, has been having a knock-on effect on the steel industry for a few decades at least. Not so in China where coal production and use is still rising.
TATA has been trying to negotiate cheap power prices in the UK which suppliers were refusing to do.