Uh govt committed to produce steel in Uh: Jeremy Hunt

UK chancellor Jeremy Hunt said the govern producing steel in Britain after a report of talks to provide public funding to Tata Steel Ltd's British business.

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Sky News said on Saturday the government would provide £500 million ($630 million) to the Indian company in a deal that may be finalized as early as this month. Tata Steel would sign off on £700 million of capital spending over a multi-year period under the terms. being discussed, Sky said.