There are reports of a potential management buyout of the steelworks in Port Talbot. It's understood Stuart Wilkie, Managing Director of Tata Strip Products UK, is heading up a buying team alongside other staff members.
The Business Secretary will join ministers from around the world at a meeting in Brussels to discuss the current steel crisis.
Sajid Javid will hold talks with counterparts from China, India and 27 other nations to "seek solutions to the overcapacity crisis".
Tata Steel announced it was putting its UK assets up for sale, including its biggest plant in Port Talbot.
As a result thousands of jobs at sites across South Wales are at risk, with thousands more in the supply chain threatened.
The UK Government has come under pressure to find a solution but say they are ready to co-invest with any potential new owner of Tata Steelworks
Business Secretary Sajid Javid described today's crisis talks in Brussels as "constructive".
Minister hints at use of more UK-produced steel in defence projects to aid industry.
Executive Chairman of Liberty House, Sanjeev Gupta, has said he is not "married" to buying Tata's steel business and could still walk away.