- Associated Press - Thursday, July 7, 2016

LONDON (AP) - Britain’s business secretary, Sajid Javid, is traveling to India to meet with Tata Steel executives amid reports that the Indian conglomerate is prepared to sell some of its U.K. plants.

Tata is looking to dispose of its specialty steel businesses in Hartlepool, Rotherham and Stocksbridge - but has so far held off any decision on what to do with its plant in Port Talbot, in Wales.

Prime Minister David Cameron and the first minister of Wales, Carwyn Jones, agreed Thursday that “offers of support from the U.K. and Welsh Governments remain on the table.”

Tata has said it is losing 1 million pounds ($1.4 million) a day at Port Talbot amid high costs and a glut of cheap Chinese steel in global markets

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide