164 comments

  • Deukhoofd 6 hours ago ago

    It's probably not a bad idea. Steel is one of the things that an industrialized country needs to produce to protect its own sovereignty. Letting it shut down and just hope you'll always be able to import enough steel from other countries is a bad long-term strategy. You'd be left unable to fend for yourself.

    • jarym 5 hours ago ago

      Yep, same can be said of manufacturing capability in general. If you don't have a manufacturing base then inevitably when there's a war you may find yourself unable to build defense components.

    • georgeecollins 4 hours ago ago

      Let's imagine a hypothetical symmetrical war between two modern countries. One can disable the other's satellites and maintain their own fleet. The other can't get access to any third parties' satellites.

      You aren't going to send your steel navy out when one side can see you from space and you can't, almost regardless of the numbers. Your big army of steel tanks is useless against a bunch of drones directed by distribute satellites.

      • pjc50 3 hours ago ago

        Everyone in this discussion seems to be forgetting Trident as well. There's a lot of assumption the next war will be helpfully similar to WW2, and some sort of reverse sweet spot where we are subject to naval interdiction but will not deploy the strategic nuclear deterrent, and at the same time have enough time to build things, but not things that require any of the rest of the supply chain than steel (I have bad news about the number of ASIC fabs in the UK).

        Back to "dead men dominate UK politics". In this case, we're trying to refight a war from 70 years ago.

      • wongarsu 4 hours ago ago

        In a defensive war, a steel navy sitting in spitting distance of your shores and an army of steel tanks will still do a lot to keep the enemy at bay. And you can swap the tank turrets for Gatling guns on some of your newly produced tanks to help against drones

        You wouldn't be able to win the war in your scenario, but you could still do a lot to make sure the other side isn't winning either.

        • georgeecollins 3 hours ago ago

          If machine guns were useful against drones Russia would be winning in Ukraine.

          Check out Russia's Black Sea fleet to learn the fate of your navy sitting by your shores.

    • 0x3f 6 hours ago ago

      You can make this same argument about a great number of things. Why is steel any more critical than food or vaccines or the like? Indeed we got caught short of vaccines recently, and had some nontrivial consideration of running a military op against NATO member over it.

      • matt727 5 hours ago ago

        The food example, is the exact reason for large farming subsidies in the European Union. These were implemented as a founding initiative, due to the experience of food shortages during the second world war. A great number of things could be considered critical. Due to the nature of when access could be cut off, the main thing countries likely worry about being able to access, is things humans need to stay alive, and things needed to wage war.

        • 0x3f 5 hours ago ago

          Farming subsidies are one of the most criticized parts of the EU. My comment isn't in support of it. But even so, subsidy is quite different from compulsory purchase. The question is: why is steel special. Not in a no-action-vs-some-action way, but why so aggressive?

          Ironically I think it's the same for both steel and farmers: they provide votes.

          • handelaar 3 hours ago ago

            For lots of reasons but if you're the UK and you're honest with yourself and you are only allowed to pick exactly one reason that steel is absolutely critical?

            Royal Navy.

          • XorNot 5 hours ago ago

            Because like, every basic war machine is made from it? Like how is this a question?

            There's been two world wars and access to or stockpiling of steel has been a critical strategic factor in both.

            Most consumable military assets are made from steel, for example and it underpins most machine tools and factory components as well.

      • remus 5 hours ago ago

        Obviously there are a lot of important things you need to keep a country running, but steel is a key input a in a huge number of very important sectors (infrastructure, military, automotive etc.) so having some ability to produce your own steel seems a sensible hedge.

      • 4 hours ago ago
        [deleted]
      • Deukhoofd 5 hours ago ago

        Food tends to be a lot easier to produce, and many countries do often subsidize their food production, as well as have mercantilistic policies to ensure food production is kept locally.

        Vaccines is a more interesting one, and would be something that might indeed be of interest to a nation. On the other hand I don't think many governments are that concerned about another pandemic, sometimes the discourse regarding it very much sounds like "what are the odds it'll happen again"

        • 0x3f 5 hours ago ago

          I don't really care for farm subsidies either, but even ignoring that: it's quite a different level of intervention than compulsory purchase. Same with the vaccines. We didn't respond to that crisis by nationalizing AstraZeneca.

          My rhetorical point is just that steel gets special treatment probably because it's politically expedient. There are large, politically-relevant parts of the country that are still emotionally tied to the idea that we're an industrial nation. People under the age of 30 still go on about Thatcher and the miners.

          There's no real shortage of steel around the world that I know of. We could just stockpile it instead, for example. And in the hypothetical tail-risk scenario this is all supposed to insure against... how do we even get the raw materials for making steel anyway?

        • XorNot 5 hours ago ago

          Vaccines aren't something you need urgently in a crisis.

          A wartime effort has to keep supplies moving daily, or the front collapses.

          Whereas the need for vaccines is heavily deferred - your population is already vaccinated in peacetime, and you are unlikely to need to make a novel vaccine over the course of a war, nor vaccinate new population during one either: that large vaccinated population providing herd immunity gives you a lot of runway for children with less access.

          • pjc50 3 hours ago ago

            > Vaccines aren't something you need urgently in a crisis

            .. what were you doing in 2020?

            > you are unlikely to need to make a novel vaccine over the course of a war

            The lab leak people are probably wrong, but in the present era we're a lot closer to "hook AI up to a CRISPR machine and generate a biological weapon" than we have ever been.

            Everyone seems to assume that we might get in a war that we recognize and can fight with the tools of WW2, ships and tanks, rather than a war we don't recognize fought with weapons we don't understand and have no counter for. Or, more likely, simply get bought out at the top. Why fire a missile when you can buy a political party for a mere £5m?

      • 1970-01-01 5 hours ago ago

        Steel comes from iron, which you can't grow. It's more critical than food, which you can grow. Same for vaccines.

        • 0x3f 5 hours ago ago

          > Steel comes from iron, which you can't grow

          Right, and where is the iron coming from in the scenario where we can't import steel?

          • 1970-01-01 5 hours ago ago

            As it is top-critical, you're recycling it, opening new mines, and taking it by force.

            • 0x3f 5 hours ago ago

              Don't most of these contingencies apply to steel in the first place?

              • 1970-01-01 5 hours ago ago

                Nope. The entire point here is facing the decision on which of these contingencies will apply.

                • 0x3f 5 hours ago ago

                  Why can't steel be recycled or taken by force?

                  • wongarsu 4 hours ago ago

                    Recycling steel uses by and large the same industrial sites as making new steel. Most new steel has some amount of recycled steel mixed in, the trick is getting the ratios of various types of scrap right

      • cucumber3732842 5 hours ago ago

        >Why is steel any more critical than food or vaccines or the like?

        Countries that import large shares of their food and medical supply chains are constantly trying to develop domestic capacity.

  • traceroute66 6 hours ago ago

    This reminded me of an article in The Economist published last year, April 2025:

    "Zombie politics: how Dead Man dominates British politics"[1]

    Two prescient paragraphs related to today's news:

        If British politicians worship voters who are no longer among the living, it is natural that they do the same to a version of the British economy that has long departed. “There are people in this country who love to talk down our manufacturing,” said Sir Keir Starmer, the prime minister, while speaking in Jaguar Land Rover’s (JLR) factory in Birmingham. During the 1970s, one in four people worked in manufacturing, like Sir Keir’s dad, who died in 2018. Now fewer than one in ten do.
    
        Manufacturing, a small part of the economy, plays a big role in politics everywhere. Britain is no exception. A speech at a JLR plant has become a rite of passage for any leading politician in recent years. Dead Man’s old job comes first for Britain’s politicos. The lives of workers in Britain’s services economy come second. True, manufacturing’s weak performance after the financial crisis is one reason for Britain’s woeful productivity growth. Yet politicians cling on to a primitive vision of it. “He made things with his hands,” said Sir Keir of his father. That modern manufacturing requires oodles of educated workers is ignored. Living graduates play little role in political discourse beyond politicians moaning that there are too many of them. After all, Dead Man did not attend university. Why should his grandchildren bother?
    
    [1] https://www.economist.com/britain/2025/04/09/zombie-politics...
    • nialv7 5 hours ago ago

      what a bizarre article, completely disconnected from reality. in what world is manufacturing, a sector that has been neglected for decades at this point, having any sway on politics in Britain.

      why does The Economist have so much disdain of manufacturing and people who work in it? look at China, look at their manufacturing industry and what they are able to do with it. then look at the UK, who is struggling to build Hinkley Point C, or HS2 (projected to be the most expensive high-speed rail in the world btw). The Economist is an absolute f*ing joke.

      • pjc50 5 hours ago ago

        The point is that manufacturing is a relatively small part of both the economy and the job market; AND the popular view of manufacturing (large plant staffed by a large number of men being the dominant employer of a nearby town or city) doesn't look anything like the reality of modern manufacturing (small run boutique high value stuff like satellites and turbines, highly automated and professionalized, relatively small number of employees).

        This leads to stupid decisions like gutting the university sector, which is a major export industry.

        • RetroTechie 2 hours ago ago

          It's not boutique vs large plant. It's base materials (paper mills, steel smelters, plastic etc) that tend to be low in added value, versus higher up the stack (like your examples) that also tend to be higher in added value.

          Most countries didn't care much for the former other than historic reasons, but like the latter for obvious reasons (add £ to GDP).

          That's changing due to "sovereignty". You can't build a satellite without metal profiles, wiring, tubes etc. Which requires manufacturing capacity for those. Which requires steel/alu/copper smelters & plastic extruders. Which requires plastic & thus a chemical industry.

          This whole 'sovereign movement' is about keeping/bringing back capabilities across the stack which are deemed critical (like steel).

          But I suspect there are few (if any) countries that have these dependency chains mapped out in detail.

        • lysace 5 hours ago ago

          https://www.theguardian.com/education/2026/jul/14/university...

          Thousands of university job cuts in humanities and social sciences are creating widespread cold spots for languages, classics and theology degrees, the British Academy has warned.

          [...]

          The subjects with the biggest staff cuts were social work (-9%), English and classics (both -8%), anthropology (-7%) and linguistics (-6%).

          • pjc50 5 hours ago ago

            https://www.centreforcities.org/reader/town-and-gown/univers...

            "Universities brought in an estimated £24 billion to the UK economy from abroad in 2022. They provide services (education) to international students who bring money to the institutions from abroad through international fees. These students also bring money to the local economy by spending on goods and services while they are studying"

            (presumably there's an attempt to imply that those are bad courses in some way, but you haven't shown your working)

            • linksnapzz 4 hours ago ago

              How many destroyer keels has U. Essex laid down this decade?

      • gruez 5 hours ago ago

        >in what world is manufacturing, a sector that has been neglected for decades at this point, having any sway on politics in Britain.

        Are you confusing the lack of effective interventions with "neglect"? Nearly every administration in the past decade had some sort of an industrial policy, but even though they failed to bring manufacturing back to britain, that doesn't mean "neglect". It just means the forces of globalization is too strong.

      • linksnapzz 4 hours ago ago

        The Economist is a mouthpiece for the money power, specifically the banking interests of the Rothschild and Cadbury families. The idea of making money by making things (as opposed to arbitrage) is anathema to them.

        • gruez 4 hours ago ago

          >The idea of making money by making things (as opposed to arbitrage) is anathema to them.

          https://en.wikipedia.org/wiki/Editorial_stance_of_The_Econom...

          They're pro free trade against government intervention. That's not the same as "making things ... is anathema to them". They're for planning reform in uk, to help build infrastructure and homes, for instance.

          • linksnapzz 4 hours ago ago

            They're pro-offshoring of any sort of industrial base. Line-goes-up!

          • owebmaster 3 hours ago ago

            > They're for planning reform in uk

            As long as the reform is to cut taxes for the rich

            • gruez 2 hours ago ago

              >As long as the reform is to cut taxes for the rich

              Source? Strangely "tax" only has one hit within the wikipedia article, and it's not about tax cuts. If it's really such an important part of their editorial stance, you should update the article.

      • traceroute66 5 hours ago ago

        > look at China, look at their manufacturing industry and what they are able to do with it.

        "look at China" what ? Have you seen the population size of China ? Have you seen the geographic size of China ?

        Remember what is often said when Mr Trump talks about bringing tech manufacturing back to the US ....

        Yes great idea Mr Trump. But even with the most generously optimistic figures, due to the lack of available workforce and space the US could only ever provide the capacity equivalent to one Chinese manufacturing town of which the Chinese have dozens.

        • pjc50 5 hours ago ago

          > Have you seen the population size of China ? Have you seen the geographic size of China ?

          British thinking seems to be that because we won the Opium War we should just expect a country with 20 times our population and a vast land area to be poorer, both per capita and in total, than our island, forever.

        • 8note 4 hours ago ago

          the US and china are basically the same size geographically though? and the US federally owns tons of land it can create manufacturing cities out of

          • traceroute66 4 hours ago ago

            > and the US federally owns tons of land it can create manufacturing cities out of

            Ok, being generous and accepting your point at face value ....

            What about the people staffing those manufacturing cities ? Is the state creating them too ?

            I seem to recall reading somewhere that – at most – the US could "find" 200,000 people for new manufacturing plants.

            Sounds about right to me, no ?

            I think even with a generous mind the US would struggle to "find" much more than that, let alone getting to or exceeding 1 million which is the value you would need for seriously thinking about >1 manufacturing city.

            • nradov 4 hours ago ago

              The US labor force participation rate is currently at a relatively low level. There is plenty of surplus labor available with the right economic incentives.

              https://fred.stlouisfed.org/series/CIVPART

              • cliglot 4 hours ago ago

                > There is plenty of surplus labor available with the right economic incentives.

                Instead the “Economic incentives” go to the Chinese owners who then learn that Americans are not interested in working in a sweatshop and instead rely on third parties to supply them with illegal workers and engage in white collar crime.

                I’m suspicious of “re-industrialization” pushes because everywhere I’ve ever lived it’s resulted in at best a foreign company given massive tax breaks to create a few hundred low paid button pusher jobs and maybe a handful of better paying technician jobs.

              • gruez 4 hours ago ago

                Isn't that just due to people retiring?

                https://fred.stlouisfed.org/series/LNS11300060

                • nradov 4 hours ago ago

                  No, the labor force metrics only include people of working age.

                  • yorwba 4 hours ago ago

                    They include the civilian noninstitutional population, which includes retirees who are not institutionalized in a nursing home: https://www.bls.gov/cps/definitions.htm#population

                  • gruez 4 hours ago ago

                    Then why does my link specifically have a "25-54 Yrs" qualification, and has a totally different shape compared to the first link? The difference between the two is stark, 21.8 percentage points. Do you really think there's that many people willing to work between 18-25 and 54+?

                    • traceroute66 3 hours ago ago

                      > Do you really think there's that many people willing to work between 18-25 and 54+?

                      And willing to work long hours at the minimum-wage rates required for US-based manufacturing ....

                      P.S. 18-25 and 54+ ... its actually 16–25 and 54+ I don't think you'll find many 16–18 year olds biting your arm off for a job in manufacturing either...

    • flir 5 hours ago ago

      Fishing holds similar role in the UK and France (at least). Tiny components of the overall economy, giant patriotic feels.

      I still think some manufacturing is simply strategic, and you should maintain a capability even at a (financial) loss though.

      • traceroute66 5 hours ago ago

        > Fishing holds similar role in the UK

        Indeed and ironically most British people refuse to eat the species commonly found in UK waters, e.g. mackerel etc.

        Because the Brits are so fussy, most fish eaten in the UK has always been imported, e.g. Icelandic cod.

        And the fact the UK fishermen were die-hard pro-Brexit is odd given they should have been aware that the majority of their regular catch was sold to EU buyers.

        • flir 5 hours ago ago

          > most fish eaten in the UK has always been imported, e.g. Icelandic cod.

          Not always (Cod Wars). And our herring catch was once its own industry.

          > And the fact the UK fishermen were die-hard pro-Brexit is odd given they should have been aware that the majority of their regular catch was sold to EU buyers.

          They thought they'd have a monopoly on those fishing grounds post-Brexit.

          • nephihaha 5 hours ago ago

            The problem for them wasn't the sales, it was the catches. The EU was good for farmers, not so good for fisheries. The EU fishing rules meant multiple countries could fish the same grounds meaning overfishing. The UK was much stricter on net sizes than Spain was.

      • georgeecollins 5 hours ago ago

        In the US that's farming. The "family farm" which is rare ends up being the justification for tons of agribusiness subsidies.

        The good news is the USA produces lots of food.

      • nephihaha 5 hours ago ago

        That is because fishing has multiple other factors. For one, it is a major component of certain towns and villages, so while it isn't important to big cities, it is on the smaller scale in particular areas. It keeps harbours open and is also a draw for tourists, so I would say it has different implications than, say, shoe manufacturing.

        The British chocolate industry was a major employer in some places but has been decimated. British chocolate was certainly not the best in the world but it was better than what it has been turned into in the last few years, thanks to palm oil, international take overs etc.

        • flir 3 hours ago ago

          Fishing tourism?

          Like... commercial fishing with a net? Not sport fishing?

    • derektank 5 hours ago ago

      It’s only possible for Dead Man valorizing politicians to be elected because much of the electorate worships the same. They all have parents too, naturally.

      • traceroute66 5 hours ago ago

        > much of the electorate worships the same. They all have parents too, naturally.

        Well, yes. But not many of them worship the generation who were mostly responsible for voting in favour of Brexit (60% support among those aged 65 and over at the time of the vote).

        • 0x3f 5 hours ago ago

          I think they do, actually. They just have a disconnect about it. But e.g. removing the triple lock is unpopular not just among those of an age to be affected by it.

          • pjc50 5 hours ago ago

            The triple lock actually benefits everyone not currently retired, just .. not until they actually retire.

            • 0x3f 5 hours ago ago

              Only if you assume it's sustainable until you personally die. But that seems in constant question even now.

              • pjc50 5 hours ago ago

                This is true, but .. for all retirement planning, you kind of have to assume no-collapse. It's also incoherent to say "the government pays too much attention to retirees" and "I expect to be defrauded by the government when I retire, along with my entire generation, and to be powerless to stop this" at the same time.

    • raverbashing 6 hours ago ago

      This sounds good until you run out of steel and out of sellers as well

      • mr_toad 5 hours ago ago

        Half of all steel in the UK is imported anyway, and there are many places to obtain it. Unless the UK goes to war with most of the world at the same time, it’s not going to have trouble getting steel.

        • pydry 5 hours ago ago

          If there is a large war, those countries will prioritize domestic consumption and the UK will immediately stop being able to produce weapons.

          Domestic steel production is an essential element of being sovereign, as opposed to being the handpuppet of a larger power (like the US).

          • pjc50 5 hours ago ago

            Now check where the inputs to steel production come from.

            The UK built a lot of refining to use local iron ore and coal deposits. It used those deposits. They are now substantially used up. Subsurface mining is uneconomic, and open mining is politically unthinkable.

            There is actually a really high quality government review of the whole subject: https://assets.publishing.service.gov.uk/media/690b868714b04...

            Lots of discussion of moving to EAF/DRI from traditional blast furnaces.

            • timcobb 5 hours ago ago

              When there's a war and you need sovereignty how would open mining be unthinkable

          • RandomLensman 5 hours ago ago

            I don't see how the UK could generally be self-sufficient in any large war.

            • nradov 5 hours ago ago

              It certainly wasn't self-sufficient in the last two large wars.

          • 0x3f 5 hours ago ago

            > If there is a large war, those countries will prioritize domestic consumption and the UK will immediately stop being able to produce weapons.

            Same with the iron we'd need to make our own steel.

            And a current glut just makes it even cheaper for us to stockpile, vs spending on votes by propping up a failing industry.

          • 15155 4 hours ago ago

            > Domestic steel production is an essential element of being sovereign, as opposed to being the handpuppet of a larger power (like the US).

            How did self-sufficiency shake out for Europe as a whole during WWII?

          • georgeecollins 5 hours ago ago

            Really? There is a large war going on right now and the key material is chips. Drone don't use a lot of steel, neither do missiles or modern airplanes.

            Yes you need artillery and particularly shells. But you are so much more limited by the capacity of your munition factories that how much steel you have would not be an issue. One of the main things you would need for a new munitions factory is trained workers.

            The World Wars were wars of mass mobilization and industrial capacity. People went into the first thinking cavalry was important, the second thinking battleships still mattered. My point is I have no idea what the next great war might be like, but thinking the winner will be who chugs out the most tanks in five years may be looking in the rear view mirror.

            • hylaride 5 hours ago ago

              You can't occupy territory with drones (yet). You will need people and moving people in a drone-infested environment will mean protecting them with armoured vehicles. Yes, these vehicles will need enhancements and other new tech to counter drones, but armoured vehicles aren't going away (MAYBE the tank's days are numbered, though).

              If you are really interested in this, I highly recommend subscribing to war on the rocks. Their articles and paid podcasts have legit defense industry people publishing studies on this subject. https://warontherocks.com

              • georgeecollins 3 hours ago ago

                Thanks, I subscribe.

                I am not saying drones are everything. My point is, where is the war in which steel is critical ?

            • nradov 4 hours ago ago

              It's a myth that battleships didn't matter in WWII. They ended up being critically important in the Pacific Theater for carrier escort and amphibious fire support. They didn't stop mattering until the widespread deployment of guided missiles and other precision munitions.

              • georgeecollins 3 hours ago ago

                They found a use for them but no reason to build anymore.

            • timcobb 5 hours ago ago

              Drones are only part of the equation you need to be able to forge things

    • KaiserPro 3 hours ago ago

      I mean yes, that makes sense.

      But, the issue is about capacity. Steel and metals generally are a core part of the UK economy. Yes we could just buy it all in from outside, but when geopoltics intervenes it leaves us high and dry (see natural gas, chemical production, wire making, transformer making, etc etc)

      If we end up in a war, which seems fairly reasonable, then we need to have access to a manufacturing, not only prototypes, but large scale manufacturing. we need not only the machines, but the people, experience and pipelines to keep that working.

    • jmyeet 5 hours ago ago

      The Economist is a neoliberal dish rag.

      There is a completely made up number that is an increasingly large portion of GDP in OECD nations and that number is imputed rent [1]. This is a fictional number that owner-occupiers "pay" themselves to live in their own houses. So as housing prices go up, so does imputed rent. House prices have increasingly become the best vehicle for investment funds because the returns are esentially protected. But none of that produces anything.

      The UK in particular has been described as buy-to-let economy.

      It doesn't have to be this way. If you limit property speculation then capital will find something else productive to do, like manufacturing. Dish rags like The Economist present it as inevitable that Western nations become financialized. It's simply not true. Look at Germany. Also look at the fact that Germany greatly limits the collaterialization and speculation on property. That's not an accident.

      [1]: https://www.taxresearch.org.uk/Blog/2023/02/14/10-or-gdp-is-...

  • msuniverse2026 6 hours ago ago

    Interesting how they haven't repeated in this article earlier claims that the Chinese purchase of the steelworks was a strategic move to slowly destroy the blast furnaces by letting them cool under pretext of low demand.

    • catigula 6 hours ago ago

      The state intervened to stop the Chinese from sabotaging their furnaces. Seems like an open and shut case unless you have 5 eyes intelligence sources.

    • intheitmines 5 hours ago ago

      See also Chinese companies buying UK private schools and closing them down

      Original: https://www.telegraph.co.uk/news/2026/07/02/chinese-company-...

      https://archive.is/dRQsB#selection-2155.4-2155.79

      Choice quote from the article

        Mike Parker, the school’s director of marketing, wrote on LinkedIn: “Whatever you read, this isn’t a VAT story. It isn’t a ‘falling rolls, unstoppable decline’ story. The truth is deeper and more complex and, eventually, the truth will out.”
      • nradov 4 hours ago ago

        I don't know what happened in that particular case but worldwide declining birth rates will inevitably force many schools to close.

      • nephihaha 4 hours ago ago

        UK private schools spent decades ingratiating themselves to Eastern European gangsters, Arab tyrants and the scions of Asian oligarchs probably including CCP kids. China-pandering has also undermined university education, although the individual Chinese students tend 5o be okay.

        I suppose you reap what you sow.

    • jingpostmedia 5 hours ago ago

      [flagged]

  • mr_toad 5 hours ago ago

    The government is forced to sell steel at a loss, because all the buyers for whom this is a such a vital supply would otherwise buy cheaper imported steel, every single one of them.

    And ultimately all the ore and coke used to make the steel are imported anyway.

    • p_l 5 hours ago ago

      Until something happens that disrupts the supply chains from abroad and suddenly there's an issue

      • 8note 4 hours ago ago

        if theres supply chain disruption abroad, its probably going to affect the ore and coke exports too

        • IAmBroom 22 minutes ago ago

          Far more fungible than steel plant products.

    • jarym 5 hours ago ago

      2 things: a) Government plays a part in the cost of things - especially years of mis-investment around energy generation has sent British prices to the stratosphere and employment taxation levels greater than those 'cheaper' producers. b) The 'cheaper' producers are still _producers_ and thus have control - if they need to hoard their own supply they will, or if they need to leverage it for some political gain they might.

    • patall 5 hours ago ago

      The same is, as far as I can grasp it, true for butter, bread, milk and eggs. Only there, it is already established.

  • rsynnott 5 hours ago ago

    What, again?

    (British Steel's predecessor was itself a nationalisation effort in the 60s.)

    • hn_throw2025 3 hours ago ago

      The history is longer and more tangled than that.

      1951 - Nationalised by Attlee (Labour)

      1953 - Re-privatised by Churchill (Conservative)

      1967 - Nationalised again by Wilson (Labour)

      1988 - Privatised again by Thatcher (Conservative)

      1999 - Allowed to merge with Dutch Hoogovens into Corus by Blair (Labour)

      2007 - Allowed to be sold to Tata Steel by Blair (Labour)

      2016 - Tata allowed to sell to Greybull Capital by Cameron (Conservative)

      2020 - Takeover by Chinese Jingye under Johnson (Conservative)

      I worked there for three years in the mid 90s.

      Personally, I think it should have been left alone after 1951.

      But it is arguable whether ideologically driven militant unions would have destroyed it in the 1970s and 1980s.

  • nickdothutton 4 hours ago ago

    The 2 remaining blast furnaces need about 500m to 750m GBP spending on them within the next 2-5 years or they are just scrap themselves. UK Gov has ditched plans to fully fund the armed forces (would have meant a lot of new warships etc), which would have provided orders for virgin steel from such furnaces. It's hard to see how this has a happy and sustainable ending.

  • patall 5 hours ago ago

    I assume, ultimately western nations will have to adopt what already exists for agricultural goods for production as well. I am afraid it will end as a per-worker subsidy analog to per-area-of-land for lack of a better metric but in the end, that is what will be necessary if one wants to keep any industrial capabilities.

  • carterschonwald 5 hours ago ago

    one of the most hilarious examples of how the current wh admins false protectionism, in my mind, is the crucible steel bankruptcy in jan/feb 2025.

    its a technological tragedy because it was the only facility im aware of globally that could actually manufacture steel based carbide alternatives at commercial volumes. idk if the relevant equipment is being operated by anyone post bankruptcy. powder steel equipment is a bit less destroyed when turned off, but i think the key blocker is that heat cycling a 3k centigrade furnace will age the material and cause cracking thatmakes it hard to resume the powederization flows

  • zmmmmm 5 hours ago ago

    One more tiny piece of the global system of international order falling apart.

    There was a time when people would have felt safe enough to rely on the multiplicity of strongly allied nations with steel production capability. Now that is not considered safe. Now steel production has to be protected because nations that were previously considered reliable strategic partners no longer are behaving that way.

    It will happen slowly but piece by piece things will move and we will all pay a cost for it.

    • petcat 5 hours ago ago

      > There was a time when people would have felt safe enough to rely on the multiplicity of strongly allied nations with steel production capability. [...] nations that were previously considered reliable strategic partners no longer are behaving that way.

      Is this supposed to be referring to the US? Because as far as I know USA has never really exported much steel to the UK at all. It's an importer of British steel.

      Maybe it's referring to European allies? Or South Korea?

    • wongarsu 4 hours ago ago

      Steel production is on the decline in most first world nations. In case of a large-scale war there simply wouldn't be a lot of surplus to send Britain's way

  • wewewedxfgdf 6 hours ago ago

    Pretty sure there's more than enough in Australia.

    • Cthulhu_ 6 hours ago ago

      Iron ore yes, smelting capacity, don't know, but it's literally on the other side of the world.

  • bell-cot 5 hours ago ago

    One can argue whether, in abstract, this was a good idea.

    Back in the real world - any government or large org can do a genuinely good thing so badly that it would have been better if they'd done nothing at all.

    And it's been many a decade since the British gov't had much of a reputation for competence.

  • ExoticPearTree 6 hours ago ago

    [flagged]

    • dabeeeenster 6 hours ago ago

      Yes, because government run institutions like the Army and the NHS don't work, do they?

      • petcat 6 hours ago ago

        Aren't NHS medical workers in a constant state of protest over low wages and bad working conditions? I know the doctor/nurse brain drain from Canada and the UK to the US used to be really bad. I haven't seen what the statistics are recently.

        [0] https://www.marketplace.org/story/2024/02/19/uk-nhs-doctor-s...

        • p_l 5 hours ago ago

          Honestly, a lot of it is related to pretty obvious attempts at dismantling the NHS by Westminster

          • 0x3f 5 hours ago ago

            Are they seeding it with incompetent middle management as a psy-op?

      • 0x3f 6 hours ago ago

        Is there even a definition of "doesn't work" that exists for you with the NHS? How inefficient and ineffective does it have to be before it's considered "not working"? Because, technically, every healthcare system on the planet has some effect.

        Same for the army.

      • fidotron 6 hours ago ago

        Neither of those are beacons of either efficiency or performing to standard. In fact both are chronically mismanaged.

        You'd actually struggle to pick worse examples.

    • Cthulhu_ 6 hours ago ago

      I'm not sure what argument you're trying to make here, can you elaborate?

      • ExoticPearTree 3 hours ago ago

        The argument that nothing will be saved is that I am trying to say, taxpayer money will be sunk into a failing business until the politicians will find something else to save by nationalizing it.

    • watwut 6 hours ago ago

      This bonmot sounded cool and fun years ago, but not anymore. It is actually OK and desirable for governments to help, to organize and to lead toward positive outcome. Governments should do more then just pay military, prisons and police.

      Deliberate destruction and expectation of nothing positive from the governments already caused enough damage.

      • ExoticPearTree 3 hours ago ago

        Probably with the exception of a country or two, governments never run a successful business when competition is involved. Never ever. So no, it is not desirable for the government to intervene in any way in private business and "save them".

      • philipallstar 6 hours ago ago

        It never sounded cool and fun. It was government acknowledging its own limitations. Governments don't perform better if we all cheer them on. Right now a government (Russia's) is waging war on a country. Last century governments caused untold death in socialist countries (Venezuela, China, USSR) because they were trying to organise centrally.

        • amanaplanacanal 5 hours ago ago

          As a counter example, a government (Ukraine) is defending against the Russian invasion and is looking more and more like it might win that fight. Would they be better off without a government?

        • fragmede 6 hours ago ago

          Then again, the British East India Company committed plenty of atrocities as a corporation, so if we're going to oversimplify to government bad, it seems corporations bad too. Don't get me started on religious either!

        • tempfile 6 hours ago ago

          In the spirit of fairness I have to note the untold deaths caused by non-socialist countries in Cambodia, Vietnam, Iraq, Afghanistan, pretty much every country in South America...

          • squigz 6 hours ago ago

            Or even Western nations like America and Canada? How many people die every year from preventable causes? To exposure? To suicide?

            • ExoticPearTree 3 hours ago ago

              I never understood this selfish desire to stop people from killing themselves. What's it to you if a person jumps from a building or shots itself in the head? Did you ever think that they might have had actually good reasons for doing what they did?

              • squigz 2 hours ago ago

                It's not seflish though - who has to clean that up? What about the people nearby who have to witness it?

                • ExoticPearTree 2 hours ago ago

                  The coroner will take the body. Just as if that person was shot by a robber.

                  People nearby don't have to look if they don't want to.

                  • squigz 2 hours ago ago

                    You think that a coroner cleans that up? I'm pretty sure that's not the way it works.

                    • ExoticPearTree 4 minutes ago ago

                      Crime scene cleaners? The Sanitation Department?

                      Still cheaper than having 10-20 cops sitting around talking to the person.

          • soco 6 hours ago ago

            Last century non-socialist governments caused untold deaths in many Western countries, starting with Germany for a better known example, but the entire list is quite long. So could it be that it wasn't socialism the problem?

            • ExoticPearTree 3 hours ago ago

              Socialism is always the problem.

              If you're talking about the Nazis in Germany, socialism is in their name, you now? If you're talking before Hitler, the Kaiser was socialist. So socialism anyway you slice it.

        • watwut 6 hours ago ago

          > It was government acknowledging its own limitations

          No it was not. It was deliberately trying to make government sound as useless as possible, so that its useful programs can be dismantled.

          You are ignoring all good things that came out of governments. That is also deliberate choice. If Ukraine government fell, they would be Russians now. Last century, we have see a lot of good coming out of governments - starting with new deal, human rights, historically unprecedented period of peace in Europe and prosperity. Science, education, healthcare all work better when governments work well.

          • ExoticPearTree 3 hours ago ago

            You're conflating issues: governments started wars, they lost, new governments did not want to repeat the war because the people that elected them opposed it.

            Human rights, at least in the US, were the won by a lot of suffering from the ordinary people, not by the benevolence of any senator/congressman/president. They passed the laws to appease the people, not because they wanted to.

            Science comes when governments do not impede research. Do you think SpaceX would have existed if the government decided to help? NASA has become a shell of its former self, launching rockets into space that cost more than who knows how many Falcon launches. Government at work.

            I could go on, but we, as a species, need a government to kind of keep peace amongst our selves and not go overboard too much. But more than that, governments are a hindrance to human evolution and development.

        • lenerdenator 6 hours ago ago

          And now we've overcorrected and have people dying from a lack of government care.

          It was indeed meant to sound "cool and fun". It was supposed to be a memorable slogan. That's why Reagan used it. Then people made it into a battle cry for letting the hyper-wealthy dismantle regulations that were often written in blood, or for explaining why we need to let people go into bankruptcy from medical bills.

          Having some centralized/public ownership of some enterprises doesn't necessarily mean that the government is going to purge people or starve tens of millions.

    • functionmouse 6 hours ago ago

      "I drank the kool-aid and I am very smart."

  • fidotron 6 hours ago ago

    Tangent: disturbing to see the BBC thinking they're going to get far by paywalling quasi-randomly in North America. At least right now it's trivial to ignore.

    • flohofwoe 6 hours ago ago

      Tangent: disturbing to see many North American news sites thinking they're going to get far by region-blocking European visitors because they don't want to be GDPR compliant ;)

    • Closi 6 hours ago ago

      Disturbing? In what sense? Other news sources are paywalled and UK citizens have to pay in tax.

      • graemep 6 hours ago ago

        The annoying thing about the BBC paywall is that it is implemented by using different domains, so (for example here) people in the UK go to bbc.com instead of bbc.co.uk

        • tikkabhuna 5 hours ago ago

          Do you have that the wrong way round? In the UK, you go to bbc.co.uk (and bbc.com redirects to bbc.co.uk). From memory, in the US you get pushed to bbc.com.

          • graemep 5 hours ago ago

            I mean that, for example the link here is to bbc.com, and it does not recirect me to bbc.co.uk

            • Steve16384 4 hours ago ago

              It redirects me fine.

              • graemep 2 hours ago ago

                I had JS off. If I turn JS on it redirects me. Not "fine" though as it loads the page on bbc.com and then redirects which is slow and annoying.

      • UnfitFootprint 6 hours ago ago

        Wait what? Is the NYT not paywalled somewhere?

      • Arainach 6 hours ago ago

        I'm not seeing this particular paywall, but disturbing in that the BBC is so awful and stupid at this, presumably.

        For many years I would have gladly paid the BBC $20/mo for some way to legally watch Top Gear and Doctor Who. That's it, just two shows and I'll give you more than I give Netflix. They never offered a single legal mechanism available to US citizens, so, well.....don't admit to crimes on the internet and all that.

        • mrkwse 6 hours ago ago

          It was offered much later than iPlayer was for the UK, but to claim they 'never' had an option for US audiences is false when they have had Britbox for almost 10 years

          • Arainach 6 hours ago ago

            Not only was Britbox launched long after iPlayer and after I stopped watching both of the shows I mentioned (in fact, Top Gear in its 2002 incarnation was functionally off the air before Britbox launched), but the BBC sold their streaming rights to those two programs such that their modern incarnations were never, so far as I'm aware, available on Britbox.

        • Steve16384 6 hours ago ago

          Have you tried BritBox? It seems to show Doctor Who, but ironically, being in the UK I'm unable to access their site to see specific details.

      • potatoproduct 6 hours ago ago

        An increasing proportion of UK citizens are deciding not to pay for a TV licence that funds the BBC as consumption patterns have changed.

        The BBC will be a zombie in 10 years unless they stop being emotionally driven and sort out their funding.

        • inigyou 6 hours ago ago

          Good. The BBC is no longer the shining beacon of objective reporting it once was. Let it die and be replaced by something better.

          • GJim 6 hours ago ago

            Presumably you get your news content from Rupert Murdoch, the Daily Mail and UK News?

            • inigyou 3 hours ago ago

              Here's the BBC wanting you to feel that autistic people are scary: https://news.ycombinator.com/item?id=48934982

              • GJim 3 hours ago ago

                Don't spout shite. The BBC report is objectively what the defence stated in court: namely that their defendant was autistic.

                If you've a problem with that, take it up with the lawyers.

            • n4r9 5 hours ago ago

              For what it's worth, I stopped paying the license fee because of how the BBC sucked up to the Tories in the lead up to the 2019 GE. From Newsnight displaying images of Corbyn that made him look like a Soviet stooge, to Laura Kuenssberg leaking postal vote ballot information, to Alex Forsyth saying that Boris Johnson "deserves" the election.

              People say that it's subject to complaints of bias from both sides of the spectrum, but I've yet to see comparable concrete pro-left examples.

              • gib444 5 hours ago ago

                > how the BBC sucked up to the Tories in the lead up to the 2019 GE

                > Laura Kuenssberg

                ughh yes so glad that era is behind us. Good riddance.

                • pjc50 5 hours ago ago

                  I don't know whether this is a joke or not, because she's still there.

                  • gib444 5 hours ago ago

                    She is not Political Editor of BBC anymore. She's just a talk show host as I understand it (though still on a HEFTY salary - £410k, fourth highest in the BBC).

                    Presumably a very difference sphere of influence.

          • badgersnake 6 hours ago ago

            If everybody thinks you’re biased, you’re probably not biased at all.

            • inigyou 5 hours ago ago

              Look at how the BBC reports on the Middle East and tell me you agree with it.

              • n4r9 4 hours ago ago

                That doesn't address anything unless you stake out and back up your position. Pro-Palestine and pro-Israel advocates both accuse the BBC of bias towards the other side.

                • inigyou 3 hours ago ago

                  Objectively, the BBC downplays what the USA and Israel do over there and doesn't downplay what Hamas and Iran do over there.

  • philipallstar 6 hours ago ago

    > In March, the National Audit Office released a report noting that the Scunthorpe steelworks was costing the government about £1.3m a day.

    No, BBC, the government doesn't have money. It costs the net taxpayer that much a day.

    • KaiserPro 5 hours ago ago

      When I buy something, it doesn't cost my employer, it costs me.

      the pedantry here isn't helpful, as its "not other peoples money" is a monetary system that the government lets us use.

      I understand that frustration about frivolous spending. It would be better if the argument was on how we evolve and change the steel market here in the UK so its self funding.

      BUT!

      the whole discourse about "government shouldn't choose winners" is a bit flawed, because we have left it to business to invest in infra, and mostly they've just outsourced to someone else (who's government actually planned with an industrial strategy)

    • p_l 5 hours ago ago

      GBP is a fiat currency issued by government through government spending and destroyed by government through taxation, it does not cost the taxpayer it's at worst a bad allocation of resources or incentivization of resource allocation.

    • iberator 4 hours ago ago

      The government has its own money. For example from national owned companies like airlines, mines, factories etc

      Richest countries have a lot of government owned companies. USA is just an anomaly because of Chicago school of economy.

      This is a common myth spreaded by free market freaks.