Recently, the UK’s steel industry has been dogged by news of closures or sell-offs, with thousands of jobs at risk.
This is a sad story: the pioneer of the modern steel industry – once the world’s factory, churning out almost half of global steel production in the latter half of the 19th century – is shrinking and bogged down in difficulties.
However, it is regrettable that some people in Britain blame China for what is happening in the British steel industry and accuse China of “dumping” steels in Britain and pricing local companies out of the steel market.
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