This Article is From Apr 27, 2016

No Guarantee Over Future Of UK Steel Industry, Says UK PM David Cameron

No Guarantee Over Future Of UK Steel Industry, Says UK PM David Cameron

Prime Minister David Cameron said there was no guarantee that government efforts to save the British steel industry would be successful. (File Photo)

LONDON: Prime Minister David Cameron said there was no guarantee that government efforts to save the British steel industry would be successful, as ministers search to find a buyer for Tata Steel's UK assets.

"There is no guarantee of success," Cameron told parliament today.

"While I want to do everything we can to secure the future, not only for Port Talbot but also for Scunthorpe and steelmaking in Britain, we're coping with a massive oversupply, a collapse in prices, from China."

 
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