Steel crisis: Unions set to hold emergency talks

Union leaders will meet to discuss the steel industry crisis later in an effort to save thousands of jobs.

Shop stewards from steelworks across the country will hold emergency talks in London to help prevent Tata Steel's Port Talbot plant from closing.

The government has said it would offer financial support to help "clinch a buyer" for the business.

Tycoon Sanjeev Gupta is understood to have had initial talks over a potential purchase of the south Wales plant.

There are also reports that an investment firm is interested in a buy-out of Tata's Scunthorpe operation.

The Daily Telegraph has reported that Marc and Nathaniel Meyohas, the brothers behind the Greybull investment firm, are ready to pour £400m into the struggling Lincolnshire plant, potentially saving about 9,000 jobs.

Tata Steel announced last week it was selling its loss-making UK businesses and would close its plant at Port Talbot unless a buyer is found.

The company directly employs 15,000 workers in the UK and supports thousands of others, across plants in Port Talbot, Rotherham, Corby and Shotton.