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| Version 2 | Version 3 |
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| Tata considers bids for UK steel plants | Tata considers bids for UK steel plants |
| (about 4 hours later) | |
| Business Secretary Sajid Javid and Welsh First Minister Carwyn Jones have travelled to Mumbai for a Tata board meeting to discuss bids for Port Talbot and its other UK steel operations. | Business Secretary Sajid Javid and Welsh First Minister Carwyn Jones have travelled to Mumbai for a Tata board meeting to discuss bids for Port Talbot and its other UK steel operations. |
| The deadline for potential buyers to make formal bids closed on Monday. | The deadline for potential buyers to make formal bids closed on Monday. |
| Tata has declined to say how many actual bids it has received. | Tata has declined to say how many actual bids it has received. |
| Earlier in May, it said there had been seven expressions of interest in the business, which also has sites at Newport and Rotherham. | Earlier in May, it said there had been seven expressions of interest in the business, which also has sites at Newport and Rotherham. |
| The board is expected to draw up a shortlist on Wednesday. | The board is expected to draw up a shortlist on Wednesday. |
| Who are the potential bidders? | Who are the potential bidders? |
| Jack: How Excalibur and Liberty will join forces | Jack: How Excalibur and Liberty will join forces |
| The rise and fall of Britain's steel industry | The rise and fall of Britain's steel industry |
| Among those reported to have put their hats in the ring are Greybull Capital, which has already bought Tata's long products business. | Among those reported to have put their hats in the ring are Greybull Capital, which has already bought Tata's long products business. |
| Management buyout vehicle, Excalibur Steel, which is led by Stuart Wilkie, the head of Tata's UK strip steel unit, based in south Wales, has said it could work together with Sanjeev Gupta's Liberty House, which has acquired two of Tata's smaller mills. | |
| Despite their expressed desire to work in partnership on a takeover it is understood both teams have submitted separate bids for Tata UK. | Despite their expressed desire to work in partnership on a takeover it is understood both teams have submitted separate bids for Tata UK. |
| Others said to be in the running include JSW Steel, which is India's second biggest steel producer, China's Hebei Iron and Steel Group, and Endless, one of the UK's largest turnaround specialists based in Leeds. | Others said to be in the running include JSW Steel, which is India's second biggest steel producer, China's Hebei Iron and Steel Group, and Endless, one of the UK's largest turnaround specialists based in Leeds. |
| There have also been reports that Nucor, the biggest steelmaker in the US and US billionaire investor Wilbur Ross were interested. | There have also been reports that Nucor, the biggest steelmaker in the US and US billionaire investor Wilbur Ross were interested. |
| Protest planned | Protest planned |
| Mr Jones said at First Minister's Questions on Tuesday that although the Excalibur bid had considerable technical expertise, it was yet to raise funding. | Mr Jones said at First Minister's Questions on Tuesday that although the Excalibur bid had considerable technical expertise, it was yet to raise funding. |
| Meanwhile, hundreds of steelworkers will protest in London later to highlight the crisis facing their industry in the UK. | Meanwhile, hundreds of steelworkers will protest in London later to highlight the crisis facing their industry in the UK. |
| TUC general secretary Frances O'Grady will tell the event that the UK should follow the US and impose stiff import tariffs to stop China dumping steel on world markets. | TUC general secretary Frances O'Grady will tell the event that the UK should follow the US and impose stiff import tariffs to stop China dumping steel on world markets. |
| "Market economy access for China is the last thing British steelworkers need. The government must reverse course," she will say. | "Market economy access for China is the last thing British steelworkers need. The government must reverse course," she will say. |
| Angela Eagle, shadow business secretary, also called on ministers to stop "kowtowing to China". | Angela Eagle, shadow business secretary, also called on ministers to stop "kowtowing to China". |
| Meanwhile, steel makers around the world are urging G7 leaders meeting in Japan to take joint action against Chinese steel dumping. | Meanwhile, steel makers around the world are urging G7 leaders meeting in Japan to take joint action against Chinese steel dumping. |
| Steel trade groups from the US, Europe, Canada, Japan and UK Steel have signed a statement warning world leaders that steelmakers will remain under pressure until action is taken. | Steel trade groups from the US, Europe, Canada, Japan and UK Steel have signed a statement warning world leaders that steelmakers will remain under pressure until action is taken. |
| Gareth Stace, director of UK Steel, said: "Chinese government policies have contributed to significant global excess capacity in steel, unfair trade and distortions in steel trade flows around the world." | Gareth Stace, director of UK Steel, said: "Chinese government policies have contributed to significant global excess capacity in steel, unfair trade and distortions in steel trade flows around the world." |