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.

Live updates

Welsh First Minister: 'Very positive' Tata talks held

The First Minister of Wales, Carwyn Jones, has said a "very positive and constructive discussion" has been held in Mumbai over the future of Tata Steel's UK business.

The Indian conglomerate's board is drawing up a shortlist of potential buyers, although "nobody has yet emerged as a front runner or front runners", added Mr Jones, who has been joined in India by the Business Secretary Sajid Javid.

His comments come as hundreds of steelworkers marched through Westminster to call on the government to save the industry.

What Tata have said is that they need to go through each bid in detail and I welcome that, and that of course will take some time.

What's important here is not to rush things. We need certainty, of course, for the workers in the plants in Wales, where we get to a position where we see a sustainable long-term future for our steel industry.

Tata don't want to let workers down. It is uncertain... but we'll continue to talk to Tata, continue to listen to other bidders who have come forward with a view to getting the right outcome for people.

– Carwyn Jones, First Minister of Wales

McCluskey calls on government to save steel industry

The leader of the Unite union, Len McCluskey, has called on the government to save the steel industry, as hundreds of steelworkers marched through Westminster to highlight the crisis.

The board of Tata Steel is meeting in Mumbai but has yet to draw up a shortlist of potential buyers for its UK assets.

Thousands of jobs are at risk, with the Port Talbot plant in south Wales facing closure if a buyer cannot be found.

The issue still has to be resolved. We want a secure, guaranteed future for a foundation industry that is vital for our nation.

The whole of our manufacturing depends on British steel and I'm pleased that the government appear to be getting that message, but we want to make certain that those warm words are turned into positive action.

– Len McCluskey, Unite

Advertisement

Tata Steel 'reviewing all options' in sale of UK business

Tata Steel is reviewing all options for its UK business including sale, ITV News understands.

The company said there is "no shortlist" yet for potential buyers.

ITV News' Wales Correspondent Rupert Evelyn has the latest:

Steelworkers march through London in protest

Hundreds of steelworkers from across the UK have marched through Westminster to put pressure on Tata and the Government to save the crisis-hit industry.

They were joined by the Labour leader Jeremy Corbyn, chanting "Save Our Steel" as they walked past Parliament.

The march came as the management buyout team bidding to purchase the UK assets of Tata Steel made it clear it is working alone rather than in conjunction with another group.

There have been reports that Excalibur has met officials from Liberty House about a possible link-up. The two are believed to be leading bidders for Tata's UK plants.

The Indian conglomerate's board is meeting in Mumbai to draw up a shortlist.

Corbyn joins steelworkers on march through London

The Labour leader Jeremy Corbyn has joined steelworkers on a march through Westminster to highlight the steel crisis in the UK.

The board of Tata Steel meet in Mumbai on Wednesday to discuss bids for the takeover of its UK assets.

Business Secretary Sajid Javid and Welsh First Minister Carwyn Jones have traveled to the India city for talks.

Mr Corbyn called on the government to save the industry.

It's the basis of manufacturing economy. It's got to be saved. The government has got to be prepared to intervene.

– Jeremy Corbyn, Labour leader
  1. Wales

Welsh secretary 'determined' to find solution to Tata's complex pension issue

The Welsh Secretary says the Government is determined to find a solution to Tata's complex pension issue.

It came after Stephen Kinnock asked what measures had been taken to ensure a viable and sustainable pension scheme will be developed as a result of the sale of the business.

Alun Cairns said he's met with Business Secretary following his meetings with Tata in Mumbai to discuss the main issues surrounding the sale including the pensions, power and plant.

Advertisement

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

Steelworkers gather in Westminster for protest

Credit: Matthew Thom

Steelworkers have gathered in Westminster ahead of a march to highlight the crisis in their industry.

They are calling on the government to "ensure the responsible sale of Tata Steel's UK assets" and to deliver "a proper industrial strategy that supports the entire steel sector".

The march comes as a shortlist of bidders is drawn up for the UK assets of Tata Steel, including the Port Talbot plant in south Wales.

Tata's board meets in Mumbai on Wednesday to discuss the prospect of sale, which would save thousands of jobs.

Business Secretary Sajid Javid and Welsh First Minister Carwyn Jones have traveled to the India city for talks.

Credit: Matthew Thom
Credit: Matthew Thom
  1. Wales

Carwyn Jones in Mumbai ahead of steel talks

The First Minister of Wales has been seen leaving his hotel in Mumbai ahead of a meeting with Tata Steel bosses.

Carwyn Jones in Mumbai ahead of steel talks. Credit: ITV News

The steel giant is holding talks to draw up a shortlist of final bids at a meeting later today.

UK Business Secretary Sajid Javid MP is also in the country to hold the talks with company officials.

A march of hundreds of steelworkers and union representatives is taking place in Westminster calling for more action to be taken on the dumping of Chinese steel.

Welsh steelworkers join steel march in Westminster. Credit: ITV News
Load more updates Back to top

Latest ITV News reports