Welsh Secretary David Jones says it's "very worrying" that Newport-based steel contractor Rowecord is to go into administration.
"It was a business that had done very well in the past. There will be a lot of people in that area extremely concerned for their jobs," he added.
More top news
A dull and damp night with mist and hill fog, with heavy downpours over the hills!
Darren Osborne from Pentwyn, Cardiff was arrested by police in the early hours of Monday after allegedly ramming his van into worshipers.
A landlord has been fined at Cardiff Magistrates Court after pleading guilty to 8 charges relating to a property in Albany Road, Cardiff.