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German workers rally over steel crisis

Monday, April 11, 2016 - 01:41

45,000 German steel workers stage protests across the country demanding job protection and less competition from China, meanwhile there's hope for Britain's steel crisis after the sale of one of its factories closed by Tata Steel. Laura Frykberg reports.

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Anger in Germany over an industry in crisis. 45,000 steel workers from Thyssenkrupp staged protests across the country - demanding greater job protection, and fewer cheap imports from China. Many in Germany fear Europe's biggest steelmaker could go the way of the UK, where steel factories have closed amid stalling demand. (SOUNDBITE) (German) PRIME MINISTER OF NORTHRHINE-WESTFALIA, HANNELORE KRAFT, SAYING: 'We need fair rules world-wide. We cannot accept that dumping steel from China makes life awkward for us. Together we support tougher and faster anti-dumping measures.' At the weekend, Britain called on China to reduce production. But a day later China's UK ambassador Liu Xiaoming published an article in a British newspaper. He said China had been made a scapegoat, and it only supplies a fraction of Britain's steel. And he's not the only one who thinks some of Britain problems are home grown. (SOUNDBITE) (English) SEVEN INVESTMENT MANAGEMENT'S JUSTIN URQUHART-STEWART SAYING: "The Europeans, particularly the British, haven't helped themselves either, whilst they may have made parts of their operations smoother and more efficient, certainly the UK has made it very inefficient in terms of its charging structure. It's twenty percent more expensive than continental Europe.' There's was one bit of good news for the UK industry though. Investment firm Greybull Capital is buying one of Tata steel's plants in Northern England. A move that safeguards 4,000 jobs. The rest of Tata's UK operations are now officiallly on the market. Britain's government is hoped more buyers can be found to safeguard the thousands of other jobs still at risk.

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German workers rally over steel crisis

Monday, April 11, 2016 - 01:41