Tags

, , , , ,

WALES, UK – The future of Britain’s steel industry is in severe doubt after the PM effectivey ruled out nationalisation of the troubled Port Talbot plant in Wales. David Cameron said there were no guarantees after TATA steel announced it would be putting its UK operation up for sale. TATA which says it’s losing £1M a day from it’s Port Talbot plant alone also has plants in  Rotherham, Corby and Shotton employing some 15, 000 people. Britain’s steel industry has suffered from a glut of cheap Chinese steel on the market. Steel production makes up 1% of Britain’s manufacturing output and 0.1% of it’s economic output.