The race has begun to find a private buyer for Tata Steel UK after Britain’s biggest steel manufacturer was put up for sale by its Indian parent company late on Tuesday night.
The future of about 15,000 workers is up in the air after the announcement, which prompted warnings about the potential devastation of the steel industry.
The British government signalled it would if necessary intervene to protect the national economic interest amid concerns it only has weeks — rather than months — to find a buyer.
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