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No Guarantee Over Future of UK Steel Industry, Says UK PM Cameron

Cameron said there was no guarantee that government efforts to save the British steel industry would be successful.

Published: 27th April 2016 05:45 PM  |   Last Updated: 27th April 2016 05:48 PM   |  A+A-

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 on Wednesday.

"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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