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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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Saving steel industry requires 'imaginative leadership'

A solution for the struggling steel industry will require "investment, retraining and imaginative leadship", Labour MP Stephen Kinnock said.

Stephen Kinnock, whose Aberavon constituency includes the Port Talbot plant, met with Sanjeev Gupta, the chairman of Liberty House who has come forward to express an interest in buying the steelworks.

Gupta plans to replace blast furnaces with electric arc furnaces and Kinnock said he has fears for that transition and the size of the workforce.

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