As you wish.[23:18 CDT]
There is certain value in retaining basic industry in this country. Since there is no way in Hell that our government will do the proper things to keep the steel industry healthy in this country: Reduce regulation, reduce taxation, eliminate pro-union/anti-free market laws that tilts the balance of negotiating power to greedy unions, relax overzealous environmental laws, etc.. Then the backup plan falls into play - that is do something Congress loves to do: Raise Taxes, Pander to Constituents, Lie like a rug about the collateral damage to the economy.
Ok, so what is this perceived value of keeping an industry at least on life support? This country is quickly eliminating those who know logging, mining, and oil drilling because these industries are deemed environmentally unfriendly and thus should be performed in countries that have no clue what environmentalism means. As a result of the killing of this industry, in the event that the US needs to log, mine, or drill for basic natural resources, there is not an industry to speak of that can quickly ramp up to speed with compentent talent and equipment.
The steel industry is considered to be one of those national security industries. Now you say "so what?" there is bound to be some country that will sell us steal. Are you sure about that? Steel doesn't come in just one flavor, and the technical staff and metallurgists who come up with exotic and potentially militarically strategic alloys aren't going to just sit on the bench and let their skills go to waste until this nation decides to build the next ultra-high-tech weaponry and doesn't want to give the Chinese the recipe to the super metal(just yet).