British Steel: An industry Built to Last?

Victorian philosopher Thomas Carlyle referred to economics as ‘the dismal science’. It’s a moniker that has haunted this particular field of study for well over a century and often, not without good reason. The sheer complexity and interconnectivity of the global economy means that during a crash or recession, every major industry feels the effects of each economic decision made by governments and financial institutions. This is particularly true of the British steel industry who, since the financial crash of 2008, have experienced a series of serious setbacks that continue to depress the industry.