The Conservative Government has condemned British steel to commercial death by working very hard to become China’s lapdog.
How else are we to view these events?
Tory ministers stopped the EU slapping import levies on Chinese steel; they are doing as little as possible to prevent the soon-to-be former Tata steelworks in the UK from closing; and now China has imposed a huge levy on steel from the UK.
We can take only one message from this fiasco:
The Conservative Party is the biggest enemy British industry ever had.
Steelworkers are threatened today; who will be in jeopardy tomorrow?
Do you have a job? How long do you expect to keep it under a Tory government that simply doesn’t “give a sh*t” – as Paul Mason told us all yesterday?
Remember this when you vote in May.
China has said it will levy 46 per cent duties on a type of high tech steel produced by Tata Steel in Wales, Sky News has learned.
The Chinese Government argues that European Union exports of “grain oriented electrical steel” are causing “substantial damage” and “material injury” to China’s industry.
China’s Ministry of Commerce announced that the action against the EU would be the strongest of a series of so-called anti-dumping measures, which will also affect Japanese and South Korean producers.
Most of the political argument in Britain has been about how China’s massive overproduction of steel from bankrupt state-owned and subsidised steel mills is flooding world markets.
The Opposition and unions accuse the Government of not doing enough to stand up to China, under its strategy of becoming China’s “closest ally in the West”.
Last Autumn the EU determined that China itself was dumping a wide range of steel products in Europe, including electrical steels.
The European Commission advocates higher punitive tariffs in cases such as this, but Britain has led the defence of the principle of lower duties levied in such cases.
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