Tata Steel announced on Tuesday it was pulling out of the United Kingdom, leaving Britain’s biggest steel works in Port Talbot, Wales facing closure with 4,000 job losses, blaming an influx of cheap steel imports from China.
There has been talk of the government stepping in to bail out Port Talbot, but Simon Boyd, director of Reid Steel, told Sky News that EU regulation is to blame.
“State aid rules mean that government is prevented from doing what’s necessary,” he said.
“We in our membership of the European Union are prevented from intervening in a way that other governments can. If you look at what happened in America for example, Chinese dumping went on there, the Americans put an appropriate tariff on imported steel, problem solved.”
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