Our deputy political editor tweets:
Seems No10 planning some sort of steel meeting tomorrow morning (the sort of meeting that could be called a "summit" perhaps?)
Downing Street confirmed Prime Minister David Cameron will chair a meeting of key ministers to discuss the steel crisis on Thursday morning.
If no buyer is found or rescue deal struck to save the UK's steel plants, 40,000 jobs could be at risk says a think tank.Read the full story ›
There are concerns that Tata's decision to try to sell its operations in the UK could affect further jobs on Teesside. The company has sites in Darlington, Lackenby, Skinningrove, York and Hartlepool.
But while a deal for the majority of sites is already underway, Hartlepool isn't included in the deal. And that means the 500 workers there face an uncertain future as they wait to see if a buyer can be found. Watch Frances Read's full report:
Local steelworkers have reacted with anger after hearing the government may intervene to save some of the 5,500 jobs at Tata Steel's Port Talbot operation-something it did not do for the SSI steel plant in Redcar.
SSI closed last year with the loss of more than two thousand jobs.
Indian owned Tata announced today that it has decided to sell its loss-making operations in the UK.
The MP for Hartlepool, Ian Wright is calling for parliament to be recalled to allow for a debate following Tata Steel's decision to sell its UK sites.
Mr Wright says MPs should be discussing the issue given the threat to thousands of jobs including around 450 at the Hartlepool works in his constituency.
Tata Steel has announced plans to sell off its failing UK business, which has been hit by rising costs and an over-supply in the market.
Tata employs over 1,000 workers at sites across the region including Darlington, Lackenby, Skinningrove, York and Hartlepool.
Former Labour deputy leader John Prescott has questioned why Business Secretary Sajid Javid is in Australia and not at home in Britain while the country faces a crisis in its steel industry.
He tweeted last night that he felt it was "shocking" that he was not in the UK at this important time.
The Government is calling on steel giant Tata to give enough time for buyers to be found for its UK business in a bid to save thousands of jobs.
Unions reacted with shock and anger at the company's decision on Tuesday night to sell its UK assets, including the country's biggest plant at Port Talbot in South Wales.
Labour has led calls for the Government to intervene to save the industry from total collapse, possibly by taking a public stake in the industry.
Business minister Anna Soubry said: "We want enough time to be able to secure a buyer. That will take months."
She insisted the Government is considering "all options" and raised the possibility of management and unions being involved in any future plans.
Union sources poured cold water on any talk of a management/union buyout.
Following last night's announcement that Tata Steel are to sell their entire UK operations, Community trade union has called for an 'urgent' meeting with Prime Minister David Cameron.
The UK is now on the verge of a national crisis. Tata Steel withdrawing completely from the UK risks destroying our entire steel industry. That would be a disaster both for those communities reliant on steel jobs and our entire industrial base.
For any advanced, manufacturing economy, steelmaking capacity is not optional. Losing the ability to make steel would fundamentally change our economy forever.
Community has led the 'Save Our Steel' campaign thus far and today marks a new chapter in that fight.
Today, I am calling on David Cameron to meet with me urgently to discuss how his government and my union can work together to safeguard the future of our steel industry. Community stands ready to play our part in averting that national crisis - the Prime Minister must now stand up and play his role too.
The UK is in the grip of an industrial crisis, according to the leader of the Unite union.
Len McCluskey made the comments following the announcement last night that TATA steel plans to sell its entire UK steel operation.
We are now in the grip of an industrial crisis. Decisions taken in the days to come will determine not just the futures of 19,000 workers and their families, across 14 sites, but the very success of this Government's own economic programme.
This is the time for the Government to say categorically, without hesitation, that these assets will be taken into safe-keeping by the nation because without them our economy will not flourish.
We are already seeing jobs going in the supply chain because of the uncertainty over Tata's future - our fear is this will snowball if insecurity is allowed to swirl around our steel sector.