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UK steelworkers protest as Tata continues to consider bids

Tata says it will consider the bids for its UK business but the process is still ongoing.

After a meeting of the firm's board in Mumbai, a spokesperson said the firm was continuing to evaluate offers as it looked to continue and sustain its UK business.

It comes after hundreds of steelworkers - joined by Labour leader Jeremy Corbyn - marched through Westminster to keep the pressure on Tata and the government to save the industry.

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Excalibur Steel 'working alone' on Tata bid

Credit: PA

Excalibur Steel is "working alone and is not currently contemplating acting in conjunction with any third party" in its bid to buy Tata Steel's UK assets, ITV News has learned.

On Sunday it was reported that Liberty House and Excalibur Steel UK could be considering working together to buy the Tata Steel UK operation, before Excalibur's Chairman said this was "completely untrue".

The company has now said it will not be working with any other firm.

Excalibur Steel UK Ltd was created as an entity to manage the financing of an employee and management led buy-out of Tata Steel UK Ltd.

Recent media speculation has suggested that Excalibur is not pursuing this objective independently. This is incorrect.

Excalibur is working alone and is not currently contemplating acting in conjunction with any third party.

– EXCALIBUR STEEL STATEMENT

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