Tata is also battling high غير مجاز مي باشدts, currency volatility and weak global demand for steel, which is mostly used in construction.Management of its European division Tata Steel Europe will now evaluate and implement the most feasible option for its British operations..0-billion-pounds hit on its UK arm in the past five years and any buyer for the entire business would need to be both an eternal optimist and have very deep pockets, given the continuing fall in demand for steel.A joint statement from the British government and the Welsh regional government said they would work with unions to maintain the steel industry.The group employs around 15,000 staff in Britain, including the country's biggest steel plant at Port Talbot in Wales.Tata said it had poured money into the UK businesses and suffered asset impairments of more than 2 billion pounds (.Mr Cameron has yet to comment but the British government has urged Tata to allow time to locate a potential buyer.Business Secretary Sajid Javid chaired a ministerial meeting Wednesday to discuss the issue and will return early from his trade visit to Australia, according to a government statement."Tata has taken a 2.

Chances of sale 'very slim'Analysts poured cold water on the prospect of a sale any time soon.Union representatives had travelled to Mumbai as a company board meeting was held to try to convince Tata to invest in the plants, which employ thousands in England and Wales.5 billion euros) in the last five years.Mr Cameron has yet to comment but the British government has urged Tata to allow time to locate a potential buyer.Politician Leanne Wood, leader of Welsh party Plaid Cymru, described the news as "devastating" and also called for the Welsh regional assembly to be recalled from its Easter break to respond to the crisis."MPs must have the chance now to debate the future of steel and hold ministers to account for their failure to intervene," said the leader, who visited Port Talbot on Wednesday. "The prospect of Tata Steel finding a buyer for all its UK operations looks very slim," said Russ Mould, investment director at broker AJ Bell. That will take months," said Business Minister Anna Soubry."We want enough time to be able to secure a buyer.

"Tata Steel Europe was known as Corus Group until Tata bought the Anglo-Dutch steelmaker for billion in 2007 - at the height of Chinese steel demand and before the global financial crisis.Tata had previously announced a series of job cuts at its Port Talbot site, where it employs 4,000 people, with another 3,000 employed as contractors and temporary workers.The company blamed chronic global oversupply of steel, a "significant increase" in cheaper imports into Europe - particularly from China - and plunging prices in recent times.Unions have accused China of killing off British industry by "dumping" steel on the market at prices that cannot be competed with.Tata Steel on Wednesday put its British business up for sale, sparking calls for the government to intervene and safeguard thousands of jobs in the crisis-hit industry.She insisted that the Conservative administration was considering "all options" and raised the possibility of management and unions being involved in any future plans.

Parliament recall Prime Minister David Cameron will chair a meeting of key ministers early Thursday, according to his office, but has resisted calls form opposition Labour Party leader Jeremy Corbyn to recall parliament from its Easter holiday to address the threat to jobs.8 billion, 2."These factors are likely to continue into the future and have significantly impacted the long term competitive position of the UK operations," the group added in a statement issued in Mumbai."The news that Tata is preparing to pull out of steel-making in Britain puts thousands of jobs across the country and a strategic UK-wide industry at risk," Mr Corbyn wrote in a letter to Cameron.His party has called for the government to intervene, possibly by taking a public stake in the industry to avert a collapse.Tata said in a statement that trading Brass Radiator Valve had "rapidly deteriorated" in Britain and Europe, adding that it will "explore all options for portfolio restructuring including the potential divestment of Tata Steel UK, in whole or in parts".