UK Business Secretary, Sajid Javid, and his counterparts from France, Italy, Germany and Poland have expressed grave concerns to the European Commission (EC) that imports of subsidised Chinese steel continue to threaten the industry. They have called for the EC to speed up investigations to enable a rapid introduction of anti-dumping measures or domestic steel industries will face collapse. Business secretary Sajid Javid joined ministers from Germany, Italy, Poland, Belgium, France and Luxembourg in demanding the EU “ensure a global level playing field” for the industry. As we have previously noted, the UK steel industry is in the grip of a crisis, with over 5,000 job losses since the summer, claiming it has been hit even harder than its European rivals due to higher costs and taxes. The EC’s response was swift – on Friday morning it announced an investigation into whether there are any barriers preventing EU countries from introducing anti-dumping measures.
UK Business Secretary, Sajid Javid, and his counterparts from France, Italy, Germany and Poland have expressed grave concerns to the European Commission (EC) that imports of subsidised Chinese steel continue to threaten the industry. They have called for the EC to speed up investigations to enable a rapid introduction of anti-dumping measures or domestic steel industries will face collapse. As we have previously noted, the UK steel industry is in the grip of a crisis, with over 5,000 job losses since the summer, claiming it has been hit even harder than its European rivals due to higher costs and taxes. The EC’s response was swift – on Friday morning it announced an investigation into whether there are any barriers preventing EU countries from introducing anti-dumping measures.