Steel Commodities Does The Apparent 'death Throes' Of The Steel Industry Spell Disaster For The UK?

Does the apparent 'death throes' of the steel industry spell disaster for the UK? - steel commodities

I apologize for the tone of morbid questions today ...

Depending on what you read, are a prerequisite for the steel industry in the United Kingdom, the last cornerstone of manufacturing and production are still in various states of the "suffering" in "in the bed of death." Many of the redundancies were in the Corus / British Steel and many layoffs have occurred in areas strongly affected by the Great Britain 80 - Teeside, Wrexham and Hull, among others.

To be clear that some of the problems of the world that some countries, wealth was "on paper" is not really the case - if we get a recession in the world wealth is found not exactly what we thought - thanks for the financial sector. Production of steel and other materials is "real estate" - the concrete products that deliver real value to the economy. She took him, and not the country in serious financial difficulties?

Worse still expect more losses.

What about the future of British industry? No coal, no shipING and steel, the shadow of its former glory ...

It is the heavy industry in the United Kingdom beyond repair?