British Prime Minister David Cameron has told the management of India's Tata Steel that any sale of its remaining UK assets would have to cover the whole of its business and be given sufficient time to take place says a Reuters report. Cameron was visiting a steel works in the Welsh town of Port Talbot, the focus of his government's efforts to make sure Tata's sale of loss-making steel plants does not leave thousands jobless just before a referendum on EU membership.
The Tata Group announced plans to quit its entire British steel operation last month, leaving the government battling to save an industry that has been hurt by cheap Chinese imports, soaring costs and weak demand. Cameron's spokeswoman said the Prime Minister wanted to see for himself what the situation was at Port Talbot and toured the site.
Last Updated 31, Mar 2018, 6:46 PM