- High cost of energy
- Green taxes out of line with the rest of Europe
- Failure to tackle the influx of cheaper Chinese steel imports
- High cost of business rates
- The current high value of sterling
- None of the above
There seems to be little doubt among the 575 respondents to last week’s poll: the biggest threat to the UK steel sector is cheap Chinese imports. A small majority, 51per cent, f respondents said that failure to tackle these imports was the biggest problem facing the beleagured sector, with the next biggest group being less than half the size: 22 per cent thought the cost of energy was a bigger factor. Green taxes attracted the attention of 8 per cent, while the value of sterling was the favoured choice of 4 per cent. Just 2 per cent thought business rates were the biggest factor, and 13 per cent declined to pick an option. Some commenters thought that domestic demand was a concern, while others identified IP issues as the root cause of the sector’s problems.
Please continue to send us your opinions on this subject.