I know this is a bit off topic, but since Tata Steel was already mentioned, has everyone heard about British Steel? The company, with the last blast furnace in the U.K. that produces high-strength virgin steel, was bought by a Chinese company several years ago. That company now wants to shut the plant down, saying it's not economical, and refuses to bring in material to keep the blast furnace running. (Apparently, if you ever shut the thing down after it has begun operation, it is effectively impossible to restart again. I have no idea why.) After negotiations with the company failed, the Brits are moving to nationalize it this month to keep it going--for the moment.

But, they're saying it still may be converted to producing a lower grade of steel with different equipment, and that could not be reversed. This would leave them without a domestic supply of the high-quality steel needed for tall buildings and similar things (like maybe warships?). It is easy to suspect that the original purchase was part of a long-term strategy by China to remove that industrial capacity from the U.K.

Also, the Welsh are p*ssed because the blast furnace operated there was allowed to be shut down years ago with no such effort to save it.