More than 5,000 metallurgists lost their jobs in the UK in three weeks

The scale of the crisis in the UK metallurgical industry was estimated by the Independent, calculating that 5,100 people have been laid off in the industry since the beginning of the month. At the same time, David Cameron's cabinet has completely withdrawn from the solution of this problem, British journalists say.

“The government has adopted a non-interference position in the steel industry,” the Independent quoted Unite union leader Alex Finn as saying.

Metallurgists and trade union leaders blame the crisis on a sharp increase in the supply of imported metal products at prices below the cost of production in the UK. The Telegraph said that the UK market is "not a fair fight" to find out a more efficient producer, as Chinese companies not only sell steel below the cost of production in the UK, they also offer metal products at prices below their own cost to capture the market.

“This is a strategy of economic domination. As soon as the UK steel industry is defeated, steel prices will return to their real values, but China will receive profits, ”writes The Telegraph.

Chinese Ambassador Liu Xiaoming said the UK should make "adjustments" to its production policy.

“If you continue to do traditional legacy business, you will lose money and opportunities ... China is making adjustments - why not England to do the same,” he told ITV.

The British media took this phrase as an insult and advised them to "adjust" the business in Beijing itself, recalling the huge surplus metallurgical capacity in the PRC.