Jonathan Reynolds says allowing British Steel to collapse would have cost £1bn as public ownership looks increasingly likelyJasper Jolly, a financial reporter at the Guardian, has written some analysis on the multiple crises British Steel faces as the supplies needed to keep the blast furnaces operating at the Scunthorpe plant are running low. Here is an extract from his piece:Union leaders representing steelworkers said they were relieved that the government appeared to be moving towards public ownership. Charlotte Brumpton-Childs, a former Scunthorpe steelworker and national officer for the GMB union, said nationalisation was “the only way to save the UK