In order for the steel industry to survive, it is crucial for the government to take the lead. Without government intervention and support, the industry may struggle to stay afloat. The government plays a key role in providing the necessary resources and policies to ensure the success of the steel industry.
By taking the lead, the government can help create a conducive environment for steel manufacturers to thrive. This includes providing incentives, subsidies, and other forms of support to help companies remain competitive in the global market. Additionally, the government can also invest in infrastructure development and research to improve the overall productivity and efficiency of the industry.
Furthermore, the government can also play a role in addressing challenges such as market volatility and competition from foreign manufacturers. By implementing trade policies and regulations, the government can help protect local steel producers and promote a level playing field in the market.
Overall, government intervention is essential for the survival of the steel industry. By taking the lead, the government can help ensure the industry remains competitive and sustainable in the long run. It is imperative for policymakers to prioritize the steel industry and provide the necessary support to help it thrive.