Turns out your apportionment of some of the blame on the EU is 100% wrong, according to Tata. The EU was trying to raise tariffs on Chinese steel, but Cameron/Osborne, in their toadying, servile attempt to tie the UK economy to a totalitarian dictatorship, blocked it.Certain banks were afforded time to gather themselves after a crisis, when the government stepped in. The same should be done for the Steel Industry imo - once that industry is gone, its gone. Government help cannot be open ended however.
The EU is partly to blame for the crisis, by making illegal any serious tariffs that we can place on Chinese steel, to stop them dumping and undermining the market. The US for example has placed massive tariffs on imported steel to protect its own industry.
I think an apology is in order Goldie.