I was referring to your post which I read as saying give money to the energy businesses. My apologies, now I've re-read it I realise what you were saying and my mistake.
To your point in steel. Yes it is unprofitable, in part due to the mass dumping of Chinese steel. If we were our own masters we could impose tariffs to prevent the dumping, not saying we cannot do that in the EU but it is somewhat more complicated.
To your point on losing £1m a day... Yes it could be seen as being wasteful to bail them out, but no more so than the bankers which we were very quick to do. Furthermore if the energy charges were more aligned to what they pay in Eurpoe the costs (and losses would be reduced).
However if the bottom line is sending £8.5bn a year into the black hole that is the EU or for a fraction of that supporting businesses and jobs in this country I know which I'd prefer. Don't forget all the associated social costs that will come from closing down the steel works, it will be phenomenal, why wouldn't we want to assist such a business? £365m against £8,500m means after bailing our the steel works we would still have a surplus of £8,135m a year to invest in our country.
The £8.5bn figures above are pretty much undisputed and represent our net contribution to the EU. My arguement also makes the assumption that the money we get back from the EU will continue to be invested directly by the UK into the same projects that the EU support.
I am content that some people will disagree, some very strongly and vehemently but still I feel we would be better off outside the EU rather than providing funding for lost cause economies that will never recover which just do not fit the one size fits all model that the Euro and the great big expensive, very expensive gravy train that is the over bureaucratic EU.