In fresh bid to save struggling Tata's steel operation in the UK, London has made fresh plea to China to cut down its steel production.    

The request was made during UK Foreign Secretary Philip Hammond's meeting with his Chinese counterpart Wang Yi in Beijing on Saturday. Hammond described his meeting with Chinese Foreign Minister as fruitful, with both countries discussing "issues of mutual concern."

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"I urged China to accelerate its efforts to reduce levels of steel production. The UK's focus is on finding a long-term sustainable future for steelmaking at Port Talbot and across the UK, and I welcomed the potential interest of Chinese companies in investment in UK steelmaking," Hammond told reporters.   

The current crisis facing Tata Steel plants in the UK, which has left fate of more than 5,000 workers hanging in balance, has been largely blamed on China's excessive dumping of cheap steel in European markets.

Several steel factories in Europe are facing a threat of closure, as their steel products can not compete with highly cheap steels imported steel from China.        

Experts say that China is resorting to excessive dumping due to a slump in demand in its local markets, mainly owing to ongoing slowdown in Chinese economy.             

Meanwhile, ministers and officials from theCameron Government are currently busy striking deal with investors in bid to save Tata steel plants. People familiar with the matter have revealed that bailout deal to save Tata's plants in Scunthorpe and Lincolnshire could be announced as early as Monday.

However, there is no information whether the UK government has arranged any bailout deal for another Tata Steel plant in Port Talbot.

Tagschina, UK steel crisis, China and UK, Tata Steel Uk, Tata Steel