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Sounds like a steal from the Tory manifesto. Gives the employer more flexibility for their use of the workforce, ok, so some may die along the way and others live in poverty, but hey if it makes the company/country/pigs with snouts in the trough some money then it is worth it in the end!

Thing is here it is more about China flooding the market with extremely cheap steel. I guess your scenario will come about when China has killed off all the opposition, then they can charge what they like, then it would get interesting!

Brilliant - like selling the Dartford Crossing to the French and re-branding it Le Crossing as happened previously! Or 4 of the Big 6 utility companies being owned by French, German and Spanish companies. We are selling all our industry to the cheapest buyer or allowing it to fail - ultimately...

Hhhmm, not being part of the EU doesn't appear to have much of an effect on China's ability to trade worldwide...

I take it that was a tongue in cheek comment or maybe just crass stupidity? It is difficult to find exact info, but the best I can find is that Chinese steel workers may earn up to $330 a month, approximately £230 - let's see the good men (and women) of Port Talbot live on that, shall we?