JON Bolton, the outgoing boss of the Tata Steel works in Scunthorpe, has warned the industry is facing its most difficult situation since it was privatised 27 years ago.
Mr Bolton told delegates at a UK Steel Forum in London yesterday: "The Uk is being damaged by steel being shipped to the Uk and sold below fair market price".
He said climate change and carbon taxes were adding £130 million a year to the industry.
That meant the British steel industry faced costs double those in Germany...
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