It looks like there is a consortium trying to take back the Redcar steel works from the hands of TATA.
That's the good news. (See Gazette article here )
But TATA will still keep the coke works. This means they maintain a strangle-hold over the steel works. A functional Redcar would be a direct competitor with other TATA owned steel production plants.
Even so, lets hope the consortium make it work. The hard working people of Redcar deserve a bit of good news for a change.
A modicum of support from the government would not go amiss either. If the government implemented some controls over the predatory flooding of the local market with foreign steel, Redcar could prosper.
But don't hold your breath.