A steel tycoon seen as the frontrunner in any deal to buy out the stricken Tata Steel operations has said he will start a full evaluation of the business within a week as he moves ahead with plans to put in a bid.
Sanjeev Gupta, the head of Liberty House Group, said he was confident that he could turn around the loss-making business without government help, in an interview with Reuters.
However, he has said the UK government must act to ensure that power prices remained competitive.
Mr Gupta has previously also expressed hopes that he can take over the entire UK business without any job losses, potentially throwing a lifeline to around 15,000 workers employed by the group.
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