Government ministers are considering changes to pension laws in an attempt to save Tata Steel's UK business, ITV News Business Editor Joel Hills understands.
The sale of the firm's loss-making UK operation is believed to have been hindered by the pension deficit.
Ministers are exploring ways of reducing the pension burden in a bid to attract potential buyers.
Labour urged the government to tread carefully and ensure workers' pensions are protected.
Business Secretary Sajid Javid, who earlier met Tata executives in Mumbai, will make a statement in the Commons on Thursday.
In a statement, the Department for Business, Innovation and Skills said it was "exploring all options".
The development comes hours after hundreds of steelworkers marched through central London to demand Tata and the government take action to protect their jobs.