In March, Tata said it wanted to sell its loss-making operation in the country, putting 15,000 jobs at risk. Tata is expected to discuss the sale of the UK assets at its board meeting, but any announcement on which bids it is looking to pursue could come later this week. Britain’s steel industry has been hit by cheap Chinese imports, high energy costs and a global supply glut. Cameron said: “We have just got to stick at it and do everything we can to try to bring this to a successful conclusion. Tata’s decision has turned the spotlight on the global steel market and the impact of Chinese exports that could lead to protectionist trade policies.

Source: Mint May 25, 2016 07:15 UTC