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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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Sajid Javid to visit Port Talbot amid search for buyer

Mr Javid is on his way back to South Wales to meet steelworkers Credit: PA

The Business Secretary is to visit the giant Port Talbot steelworks today as he returned from a meeting with the plant's owners at Tata Steel to press them for time to find a buyer.

Sajid Javid confirmed he was on his way to South Wales, where he is expected to meet managers and workers' representatives for the second time in a week.

Mr Javid, who has been criticized for failing to recognise the crisis engulfing the UK steel industry, also visited the plant last Friday.

He had cut short a business trip to Australia when Tata announced it was looking to sell.

Mr Javid said Tata's sale process will start by Monday, although there was no set time frame for it to be completed.

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MPs set for emergency steel crisis debate in Commons

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