Trading conditions "are as tough as I've ever seen in my thirty year career" says Tata Steel's Jon Ferriman.
"This is worse than 2008/9, and it's been sustained, which is what is really hurting us."
"The European economy is driving prices down, and the Chinese economy is driving raw materials up. We're getting squeezed in the middle".
More top news
Cloudy with patchy rain or drizzle, possibly turning heavier for a time.
Organisers say there will be increased security at the Urdd National Eisteddfod, which began in Bridgend today.
Any remaining heavy or thundery showers will clear eastwards this evening.