It shouldn't be up to the govt. They can make it more...

It shouldn't be up to the govt. They can make it more attractive, with tax incentives, generous depreciation schedules, R&D grants etc. but the capital has to come from business.  

Anyway, we had BHP making steel for decades in Australia.

Then the chinese started making it and selling it here at half the price !   BHP closed it down for business reasons, after losing money for years. That is where the steel industry has gone.

The price we pay for open markets. But does china open there markets to us ?   I dont think so. They even keep there currency down.  I hate trump but I like the way he is standing up to china on IP, tariffs and putting pressure on currency manipulation. Arresting that exec in canada was about time, after the australian execs that have been arrested and thrown in jail for years. Im loving seeing the Chinese complain about the western legal system, when the fairness of there system doesn't even come close, not a tenth ! as fair as ours !