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UK steel shows its mettle

This time last year you could have been forgiven for thinking that the UK steel industry was almost dead and buried. Steel giant Corus announcements of job cuts and plant closures resulted in a media frenzy with headlines heralding a steel meltdown.How different things look now. Corus, despite announcing further redundancies, has recently confirmed that it has made its first operating profit since the merger of British Steel and Hoogovens in 1999. And that is only part of the ...