Britain's Cameron urges talks on steel crisis with China at G20 | Reuters

LONDON Britain's Prime Minister David Cameron wants Britain and China to work together to tackle over-capacity in the steel industry and that the G20 could be a good forum to address it later in the year, his spokesman said on Saturday.

Cameron, who spoke to Chinese President Xi Jinping during a Nuclear Security Summit in Washington, is trying to salvage Britain's steel industry after Tata Steel put its British plants up for sale, putting thousands of jobs at risk.

The government has said it is working to broker a deal with potential buyers after Tata Steel sought to end its almost decade-long venture in Britain, which employs 15,000 people but has been hit by high costs and Chinese competition.

Steelmakers in Britain pay some of the highest energy costs and green taxes in the world, but the government says the fundamental problem facing the industry is the collapse in the price of steel, caused by overcapacity in China.

Britain imported 826,000 tonnes of Chinese steel in 2015, up from 361,000 two years earlier, according to the International Steel Statistic bureau.

China said on Friday it would impose import tariffs of up to 46 percent on some steel, including a type of hi-tech steel imported from Japan, South Korea and the European Union.

(Reporting by Li-mei Hoang. Editing by Jane Merriman)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Apr 02, 2016 21:00 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See