BREAKING NEWS

UK government starts search for buyer for Tata's British steel interests

 Comments
UK government starts search for buyer for Tata's British steel interests
Text size Aa Aa

The British government has opened talks with possible buyers for Tata Steel’s entire British operation, which the Indian steel giant is selling. Among possible buyers is Liberty Group, Sanjeev Gupta’s commodities company. Gupta says he believes the business can be turned around. Fifteen thousand jobs are at stake. Gupta already owns several other UK steel businesses.

Gupta has suggested Tata’s giant Port Talbot steelworks in South Wales could survive if it upgrades its furnaces to make refined steel from slab steel and scrap rather than from iron ore.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.