Is it in the UK's interest to retain a steel industry, even at public expense ?
If there was a future war which affected the UK, there might be an urgent need of steel, for the manufacture of defence equipment. I am not sure we would wait for shipments from abroad. OK a war is not likely, but any country should have infrastructure to meet any need and i think production of steel in the UK should be maintained, just in case a need arises,
The Chinese have flooded the market and i don't want to see the UK dependent on foreign made steel. Once you lose an industry like this, it is very difficult to ever get it back again.
If taxpayers bailed out the Banks at a huge cost, should they bail out UK steel, so it can be restructured and be kept as a UK asset.