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MPs set for emergency steel crisis debate in Commons

MPs are set to hold an emergency debate to discuss the current steel industry crisis facing the UK as the future of British steel continues to 'hang in the balance'.

It comes as the Government said on Monday it could look at the possibility of co-investing with a steel buyer "on commercial terms" to help secure a sale.

Business Secretary Sajid Javid said the "Government stands ready to help" as he addressed the Commons on the issue after Tata Steel announced a deal with Greybull Capital to buy its Scunthorpe plant and save 4,400 UK jobs but no deal was yet secured for other UK plants.

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Potential steel buyer believes it could save all jobs if 'terms are right'

A potential buyer for Britain's steel industry in Port Talbot believes it can save the thousands of jobs if the terms of the deal are right.

Liberty Group is interested in buying the Port Talbot steelworks from Mumbai-based Tata Steel.

Sajid Javid is meeting with Tata chairman Cyrus Mistry for discussions on the sale of the Indian company's UK steel operations tomorrow in India.

ITV News' Juliet Bremner reports:

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