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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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Government 'working tirelessly' to find steel solution

Tata is expected to sell off its UK business. Credit: PA

The Welsh and UK governments have said they are "working tirelessly" to find a long-term solution to the steel crisis.

In a joint statement, they said: "This a difficult time for workers in Port Talbot and across the UK.

"During the review process, we remain committed to working with Tata and the unions on a long term sustainable future for British steel making.

“Both the Welsh and UK governments are working tirelessly to look at all viable options to keep a strong British steel industry at the heart of our manufacturing base.”

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