Cross-party committee says ministers ignored repeated industry warnings and offered unsuitable solution to save 5000 skilled jobs and several steel plants The UK government reacted too slowly to the crisis in the steel industry that has caused more than 5000 job losses and left the sector permanently damaged,a parliamentary committee has said.
Although the government viewed the steel industry as important, it did not respond to warning signals approximately its mounting problems, or which included reduced demand,falling prices and dumping of cheap steel by China, according to a report backed by all MPs on the business, and innovation and skills committee.
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Source: theguardian.com