Tata Steel plans to sell UK plant

Report says that the company expects the sale of its Scunthorpe plant in north Lincolnshire will take place by April next year.

Tata Steel is planning to sell its plant in northern England to give it the "best chance of survival" , according to reports.

Report says that the company expects the sale of its Scunthorpe plant in north Lincolnshire will take place by April next year.

The firm is weighing up the closure of its long-products arm.

Various bidders are in race and there is a possibility of a management buyout as well, says report.