The Business Times
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UK steel in crisis with close to 4,000 jobs lost

Published Tue, Dec 22, 2015 · 09:50 PM

London

GOVERNMENT action to address domestic and European Union policies that cripple Britain's steel sector are still not enough to secure the industry's future, a parliamentary committee report said on Monday.

Nearly 4,000 jobs were lost in the British steel industry in October alone - equivalent to about a fifth of the workforce - as Tata Steel buckled under pressure from a decade's low in steel prices, while SSI UK and Caparo Industries shut up shop.

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