British steel industry buckles under the weight of cheap Chinese product
Britain's steel industry has been in meltdown for years: slowing demand and a flood of cheap Chinese steel into the market has hammered high-cost western producers. About half of the 1.6bn tonnes of steel made globally each year now comes from China.
Steelmaker SSI UK to mothball Redcar plant, cut about 1700 jobs
SSI Redcar steel plant mothballed, with the loss of 1700 jobs
Steelmaker SSI UK mothballs Redcar plant, to axe 1700 jobs