Two companies have now made formal bids to take over Tata Steel's UK operations.
Liberty House, the commodities group, and Excalibur Steel UK say they have both registered letters of intent with the firm. If a deal is agreed, 500 jobs at Tata's Hartlepool Beam Mill could be safeguarded.
Liberty House says its business model would move towards recycling steel rather than producing it in blast furnaces.
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