Spot,

below are my thoughts on British Steel.

Tata spun off their Long products divison..hence...British Steel.

The main market is RAIL and Infrastructure.

Main customer for Rail is Network Rail..notice the 42 billion of funding?

https://cdn.networkrail.co.uk/wp-content/uploads/2019/03/CP6-Delivery-Plan-High-Level-Summary.pdf

The £42bn of funding for operations, maintenance and renewals on the network that we have agreed with Governments is a great result for passengers and freight

Looks like British Steel will enjoy a piece of the action from Network Rail.

Also...the Steel charter that launched this week.. is getting lots of support. The cries for using local steel when the gov't spends on rail and instrastructure projects

https://unitetheunion.org/news-events/news/2019/may/government-and-manufacturers-urged-to-back-uk-steel-charter-to-boost-jobs-and-industry/

Then...the "interesting" appointment in 2016 for British Steel. That being, an ex ARCELORMITTAL  Boss.

"ArcelorMittal chief executive Roland Junck as its executive chairman. Mr Junck, who has been working with British Steel as an advisor since mid-June, will lead the company until a permanent chief executive is appointed, when he will become non-executive chairman."

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Workers at the plant have been briefed by management that they’re safe for now while they seek a buyer under the government’s official receiver and EY, who have taken over running of the company.

As a result, some workers said they were remaining positive about the future and were optimistic a buyer will be found.

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Then this interesting article:

https://www.china-briefing.com/news/no-deal-brexit-china-uk-fta/

in shorthand, that means London will not be able to negotiate a deal with China until the US has done so first. Additionally, once that occurs, a London-Beijing deal will have to closely follow US-China trade protocols as the last thing the US wants is for Britain to either be acting as a de facto Chinese warehouse for Chinese goods, or it being a “soft” port of entry for Chinese products entering the US at tariffs lower than those agreed to by Washington.

To be blunt, instead of Brussels calling the shots with UK trade, it is likely to be Washington who imposes the dos and don’ts upon London. This means that to discern what a future UK-China free trade deal may look like, British businesses will need to study what is happening between Washington and Beijing for clues and a likely trade deal blueprint."

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whoever ends up owning British Steel, will make a good buck.

Same as the opportunistic grab of Essar Steel Algoma..