Reposted by Garret Lee
Govt set to nationalise Speciality Steel UK, the third-largest steelworks.
SSUK has been in administration. Govt paying £3.5m a month to keep it going.
Public purse cleaning up the mess left by private enterprise.
Story of capitalism: Profits privatised, cost socialised.
bbc.co.uk
Government set to nationalise troubled steel firm, minister says
Production at SSUK sites in South Yorkshire and the West Midlands was paused earlier this year.