00:00If we didn't have primary production here at Scunthorpe for the UK of this high-quality steel,
00:05we would become 100% dependent on overseas supply.
00:10Now, everyone understands that when it comes to critical national infrastructure,
00:14being 100% dependent on overseas supply puts us in a perilous position.
00:19When our economic growth depends on it, when our national resilience depends on it,
00:23do we really want to be in hock to those suppliers from abroad forever?
00:28I've taken the decision that that is not acceptable, which is why I brought this into public ownership,
00:33because not on my watch will this country become so dependent on others when it comes to something so important.
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