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"Save Great Britain’s Steel"

Viewed 667 times 2015-12-15 16:50 |Personal category:competition|System category:Economy| competition

“What makes this country Great is the industrial revolution… all will be taken away if the industry left,” Mr.Jones, a Tata steelworker who was worried about his own job in just about a month ago.

He sighed after he said the last sentence in the interview. Right behind him, some people were saying: “Save our steel!”They are all like Jones as Tata steel workers. They are holding a rally and trying to raise the government’s attention to take steps to save the steel of the UK.

All those rallies, voices went from various people for the same goal: Save Britain’s steel. However, as the first country in the world going through the industrial revolution, where does this kind of slogan come from?

1,200 jobs losses at the Tata steel plants in Scunthorpe and Lanarkshire as it announced in October, 2015. Tata is the biggest producer in Britain and after that announcement, “almost 20,000 people are employed in the steel sector, and more than one in six are now either losing their jobs or at risk of losing them.” Steel crisis emerged immensely in the UK.

 “It is literally that the steel industry is in breaking collapse.”Mr. Christian who attended the rally said.

People in Britain accused Chinese of the unrealistic price of steel. The demand for steel is not satisfied because of global recovering from the economic depression. In the meantime, the price of Chinese steel goes down. UK tends to import steel from China. The UK imported 687,000 tonnes of steel from China while in the year before, it imported 303,000 tonnes,twice than it.

As a result, people born in the UK, live in the UK, work in the UK call for the government’s action to back the steel industry of the UK.

However, Chinese exporting steel never be the domain in the industry. It can not be a proper and effective way to solve the problem. “There are 22 listed steel companies disclosed deficit in the report of the first three seasons,” Zhen Lei said, “the price of screw-thread steel in China market only worth a paltry 1650 yuan per ton.” Despite all the conflicts during the trade, Chinese steel is actually in the same situation. 

The truth is that our economics are all dominated by the markets no matter what country it is, China, the UK, or the US. When the usual price is too high to meet companies’ cost required and there is a better choice considering price and quality, the markets, of course, will choose the other choice.

(Opinions of the writer in this blog don't represent those of China Daily.)


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