Senior fellow Tim Worstall discusses the steel industry on BBC 5 Live
Tim Worstall, a senior fellow at the ASI, was on BBC 5 Live discussing the decline of the UK steel industry, following Tata Steel's decision to cut another 1050 jobs this morning.
"The underlying problem is that we recycle much more iron and steel now than we used to, and this is a technological change that's been a century in the making. The plants that are having the big job losses are blast furnace sites. If you recycle more iron and steel, then you need fewer blast furnaces.""We won't help anybody by saying no actually we're going to keep this blast furnace that we don't need anymore"