150 years of Steel Making

After 150 years, is this the end of steel making in this country?
Corus will be moth balled with the loss of 1600 jobs and once again the Teeside company's future lies in the balance.
I have already experienced some difficulty in buying some types of steel from suppliers and have been told that overseas manufactures give priority to larger consumers of steel like China and in some cases it is hardly worth bothering with the UK.
As long as the UK can purchase cheap products from abroad most people will have little worries about where steel comes from. But if the political climate changes, if overseas suppliers become less cooperative, if any form of sanctions are applied to the UK then we will have very serious difficulties. Setting up new steel plants and finding the skills to operate them will take a long time and will be extremely difficult if not impossible.
Steel is vital to manufacturing, many services and our defence systems; the navy no longer use wooden ships!
Given the choice of pumping billions of pounds into our banks or securing our steel making ability I think its a no brainer!
Our government needs to wake up, smell the coffee, steel is vital to our future prosperity and safety.