[nomadking]

Originally Posted by 1andrew1

Wrong on both points.
I see that British Steel is set to fall into administration. More Project Fear.

British Steel has secured a £100m loan from the government to pay its EU carbon bill, a source close to the company has said.

From Oct 2015(before Brexit vote)

Why are loads of British steel plants closing all at once?
Tata Steel is the latest company to announce that it's cutting jobs in Britain.
The Indian-owned firm has announced plans to get rid of 1,170 people at its plants in Scunthorpe and Lanarkshire.
It's the latest in a series of recent losses across the steel industry in the UK.
Caparo Industries is in trouble and the SSI steel plant at Redcar closed last month, with 2,200 jobs going.
...
Tata Steel is blaming collapsing prices, high electricity costs, green taxes on energy prices and the strong pound for its decision to cut back its UK operations.
Basically it's too expensive to make steel in the UK in a highly competitive world market.