Why we are far behind than China in steel industry.
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Steel is found everywhere from bridges to sinks, but the global steel industry is going through the worst downturn in 50 years.
An unbalanced supply and demand equation has left even China, the world's largest producer and consumer of steel, calling for global cooperation to try and tackle the industry's problems.
But while China is calling for cooperation, many blame China's steel mills for flooding the market with cheap supply.
China has produced more steel in the last two years than Britain has since 1870
An unbalanced supply and demand equation has left even China, the world's largest producer and consumer of steel, calling for global cooperation to try and tackle the industry's problems.
But while China is calling for cooperation, many blame China's steel mills for flooding the market with cheap supply.
China has produced more steel in the last two years than Britain has since 1870
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