DUMPING.
TIN AND STEEL DOWN. By Telegraph.—Press Assn.—Copyright. London, Jan. 20. Mose of the Welsh tin-plate workers are idle owing to surplus stocks, valued at £5,000,000, which are being offered at 6s per box below the cost of production. A Hull firm, in competition with Germany, lost contracts which would have kept its works employed for two years. Belgians continue to dump iron bars at prices far below cost. Scottish Laborites, interviewed regarding the fall in wages and prices, were reticent about the policies, of the unions, but it is believed that Labor will resist the suggestion for general reductions, and will concentrate on maintaining the workers’ standard of living. The unions generally are awaiting action by the employers. Tollowing upon the Scottish example, the Middleborough manufacturers have reduced steel prices by 20s to 40s per ton.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 24 January 1921, Page 5
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139DUMPING. Taranaki Daily News, 24 January 1921, Page 5
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