I think we should get our heavy industries off planet.
One use for Helium 3 or "hot hydrogen" is you can extract metals from their oxides.
You can react iron oxide with "normal" hydrogen and extract the iron, that doesn't work for other metal oxides like aluminium. But it does with "hot hydrogen" and it is very efficient.
Another factor is that power is cheaper in space.
I'm not talking vast arrays of photo-voltaic cells, but large mirrors heating something like sodium, just like in a nuclear power plant, to make steam to run turbines. Just about any power station recycles all of its boiler water, because it is cheaper to condense it than it is to de-mineralise or desalinate continuously. And considering that the by-product of extracting metals from metal oxides is water, any loss in the closed system power plant could be topped up that way.
A rolling mill in microgravity could exploit magneto-hydrodynamic effects rather than just relying on pure mechanical means.
Another reason to go to the moon, those pure white ejecta blankets around some lunar craters look suspiciously like titanium oxide. Cheap titanium would make metallic thermal protection (heat shields) a lot more viable.
At the moment you get AUS$300/tonne for scrap steel, the price of steel for fabrication has gone through the roof!
It has gotten so bad that people are stealing manhole covers, street drain grates, park benches!
At $300/tonne it makes commercial sense to mine asteroids.
The other thing is we are talking NICKEL iron, not just iron. Essentially stainless steel.
Now maybe car manufacturers might not like the idea of a car body/chassis that lasted forever, bit it makes environmental sense. A car that lasts as long as your house does, one that you would buy with a view to upgrading it's systems every now and then, not through the whole thing on a scrap heap.
Maybe bringing back unrefined ore doesn't make much sense, but finished products do, pipe, extruded sections, RSJ.
A microgravity steel mill would make for better materials, which would lead to safer transportation, better buildings, a better life for all.
Bringing stuff "down the well" is the challenge, but with cheap titanium, stainless steel and chrome steel a large orbit to ground glider might do the trick or a rigid, "edge of space" dirigible transfer vehicle.
The simplest, least elegant is a single use cargo pod, with a titanium heat shield, once its down the WHOLE thing is used.
A lunar MAGLEV launcher like the one in Robert Heinlen's "The Moon Is A Harsh Mistress" to send finished product back would keep costs down. Now for all those who think a moonbase will just be "an igloo for geeks", think of it that way!
Something else to consider, Titan has oceans of hydrocarbons!
While we piss away our oil reserves, fuelling trains, planes and automobiles, we are in danger of losing a resource that is vital to modern civilisation.
Look around you right now, there is not a single thing in our houses that is not derived from oil, either directly or indirectly.
From the plastics in the keyboard I'm typing on, the LCD monitor I'm watching, the insulation in the rat's nest of cables behind my desk, the fibres in my clothes, the ink in my books, all of it is derived from oil in one way or another.
Most people think of an oil crisis in terms of, "Oh Crap! I'll have to walk to the shop", but it is way more dire than that.
When things get bad enough, the cost of shipping hydrocarbons back from Titan will seem cheap.
Not to mention the fact that other sources for hydrocarbons are very destructive to the environment, dredging methane sludge from the ocean floor, burning oil shale's, mining old refuse tips for plastics and the like.
Do we really want to consign future generations to a third world existence where we are rummaging through long buried garbage, looking for plastic and metals?
Don't we see enough of that on the news already? Third world kids raking through garbage piles, looking for usable trash.
A lot of people will read this and think "This hippy is crazy, where will the money come from for all these whack ideas?"
Well to those people I say, wake up! The constant scrabble for the all mighty dollar is killing our planet and dooming future generations to a very bleak future.
So when we are asking "Is there a need for asteroid mining?"
The answer is yes.