British Steel’s 2025 crisis—marked by mounting losses, a failed bailout, and emergency UK government takeover—signals deeper issues of energy costs, foreign ownership, and global overcapacity. While the crisis may seem distant, it holds real implications for Indian MSMEs, especially those involved in steel supply, logistics, and public procurement via platforms like GeM, eProcure, and TReDS. The disruptions could trigger price volatility, project delays, and sourcing challenges. As India expands its infrastructure ambitions, the British Steel fallout offers both a warning...