(MENAFN) The British and Europe steel industry is facing an ongoing looming fear of a dreadful collapse, amid the dangers that imports of subsidized Chinese steel pose to the entire industry.
Many of the top European nations like Germany and France, alongside the UK are teaming up to appeal for the Commission to use every means available and take strong and immediate action.
EU members agree that the bloc cannot remain passive when rising job losses and steelworks closures show there is a significant and impending risk of collapse in the European steel segment.
In particular, Britain's steel industry is in the grip of a terrible crisis, with the loss of more than 5,000 jobs since the summer, hence UK producers claim they cannot compete with cheap steel from China flooding the market.
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