I'm not sure that i understand the Tata steel storm at the moment which is seeing the Steel industry in the UK being decimated.
I get that China have been flooding the market with cheap steel which it is producing in vast quantities but is more than they need in China so they sell the surplus abroad.
Where it loses me is that the EU wanted to increase the tariffs on steel made outside the EU so the Chinese steel price wasn't so attractive to EU members who were snapping it up.
The country that used their veto, three times, was the UK who stated that cheap steel was good as it made the cost of building things cheaper.
Obviously, this had a detrimental effect on British made steel who now faces being closed down as it doesn't have a market.
Confusingly, the British Government are now running around and bleating that British Steel needs to be saved and is 'absolutely vital' for the UK's industrial future and are hopeful 'a new buyer that can take the Port Talbot plant forward could be found' and offering a loan of £100m to sweeten the deal.
Why, if it is so vital, did the Government stop the EU Commission when they said that China was dumping a wide range of steel products in Europe and recommended higher tariffs to help protect similar goods made in the EU.
You don't need a degree in economics to know that it would put the UK Steel trade at risk as people would obviously buy the cheaper steel, therefore helping China at the expense of British industry.
We can only assume that we have been rolled over by our own Government who seem to be bending over backwards to woo the Chinese with one eye on the tens of billions the Chinese are spending on building nuclear power stations in the UK which trumps saving 5,000 UK jobs and costing the British taxpayer £100 million to bribe someone to take over an industry that our politicians have scuppered.
Someone has really dropped the ball on this one.