RobertSnozers wrote:I see someone commenting on that steel industry piece says that Chinese steel is so cheap that imposing greater tariffs would have too great an effect on e.g. the car industry, and suggested the best way to deal with it would be to nationalise what remains and use British steel for the various national infrastructure projects planned.
I suppose they would need to consider how long the price would stay low, ie; do Chinese have a long term cost advantage, or are they just dumping excess capacity.
There should be some advantage to a local steel industry, such as delivery time/cost, though probably biggest problem for uk is energy cost & raw materials, which I think is what companies like 'Liberty Steel' would aim to address.
There's also still a market for more specialist 'steels', although suffering at moment through recession in oil industry.
fwiw tata UK does export some product to China,
(though insignificant in comparison to volume coming the other way)