Tata Steel is considering keeping its UK business, raising hopes that the Port Talbot steelworks and 11,000 jobs can be saved.
Sources close to Tata Steel say it is evaluating the performance of its UK operations and the package of financial support that the government has offered, at the same time as running a sales process.
Sajid Javid, the business secretary, held talks with Tata Steel in Mumbai before of the company’s board meeting on Wednesday. He is thought to have asked it to consider keeping the business.
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