Tata Steel to Cut 3,000 Jobs

The video discusses the challenges faced by the European steel industry, focusing on the impact of cheap imports from countries like Russia, Turkey, and China, and the exacerbating effect of US tariffs. It highlights the demand-side issues due to the economic slowdown in Europe, particularly in manufacturing, and predicts a 3% decline in UK steel demand. The discussion also covers the potential job losses across Europe, with a focus on the UK amidst Brexit and elections. The video concludes with the crisis at British Steel, which required a bailout from a Chinese steelmaker.

How are tariffs in the US affecting European steel exporters?

What role does British Steel play in the context of the UK steel industry?