Who would have thought that the future of the British steel industry would be decided at midnight behind closed doors by a group of suits in the City on the basis of sealed bids, asks the Guardian's industrial correspondent Terry Macalister.
The future of individual plants in south Wales and Yorkshire used to be a matter of debate in parliament - never mind on the streets of Llanwern - because this was about vital jobs and communities, not just the balance sheet of a company in the top 100 on the stock market.
And yet the former British Steel - now Corus - is to move into the ownership of Tata of India, a company a fraction the size of Corus in terms of steel output, and with none of its hi-tech know-how.
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