UK Steel comment on Tata job losses

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Commenting on the announcement by Tata Steel of job losses at its Rotherham plant, Gareth Stace, Director of UK Steel said:

“The sector is facing a potent cocktail of high energy costs, a strong pound and overcapacity in competitor countries. Whilst factors such as currency are out of our control we simply cannot afford to keep overloading our companies with energy costs which in some cases are almost double those faced elsewhere, otherwise this is the result we will see.”


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