"Sources told Reuters on Tuesday at least four individual bids had been submitted, from management buyout vehicle Excalibur Steel, entrepreneur Sanjeev Gupta's Liberty House metals group, India's JSW Steel Ltd and investment firm Greybull Capital. I would describe it as a productive meeting," a government source said.. London/Japan: Tata Steel has received a number of serious offers for its businesses in Britain, Prime Minister David Cameron said on Wednesday as steel workers marched past Downing Street to put pressure on the government to get a deal.As well as poring over the details of the bids, the two hours of talks focused on the government's willingness to back the sale with hundreds of millions of pounds of support.Business Secretary Sajid Javid held talks with Tata chairman Cyrus Mistry in Mumbai ahead of the company's board meeting later on Wednesday, which is expected to produce a shortlist from among the bidders. Javid has spoken to each of the bidders."(Javid) is really encouraged by all the proposals that were submitted.The government has said such support is likely to take the form of loans on commercial terms, and could see the government take an equity stake of up to 25 per cent.However, the Guardian newspaper, citing unnamed sources, reported that while Tata was running its sale process, it was also considering keeping the UK business as it evaluated the performance of its operations and the package of support being offered by the government. A Tata Steel executive said the company was in the process of evaluating bids for its British assets. As I have always said, there are no guarantees, we can't guarantee this is going to work but we are doing everything we can.Cameron said: "We have just got to stick at it and do everything we can to try to bring this to a successful conclusion. We have to secure the manufacturing base in the UK," steel worker Ian Williams, 32, from Tata's Port Talbot plant in south Wales, told Reuters."We continue to work towards trying to get a good outcome for Tata in south Wales, the sales process is under way, there has been an encouraging number of serious offers coming through," Cameron said on a flight to Japan for a G7 meeting. What they will have in return is one of the best, most committed workforces in the UK."It's not just about steel.Tata's decision has turned the spotlight on the global steel market and the impact of Chinese exports that could lead to protectionist trade policies.Any announcement on which bids Tata is looking to pursue could come later this week.The British government is keen to avoid job losses just weeks before a referendum on membership of the European Union and has offered financial support to help find a new buyer for Tata Steel UK.

One of the major hurdles that Britain is looking to remove from the sales process is a 485 million-pound (0 million) deficit in pension scheme liabilities, although the government said it could not yet comment on exactly how it planned to mitigate that liability.Britain's steel industry has been hit by cheap Chinese imports, high energy غير مجاز مي باشدts and a global supply glut and in March Tata said it wanted to sell its remaining plants in the country, putting 15,000 jobs at risk.Britain's steel industry is not alone in facing tough market conditions, with producers across Europe and the United States also struggling. Tata did not comment on the bidding process."Government officials said they were confident the offer of state support would be enough to secure a sale.SAVING THE INDUSTRYTata steel workers highlighted their plight with their protest custom office stainless steel coffee mug factory march on Wednesday past Downing Street and Britain's parliament."What we want is for Tata to be a responsible seller but also find the right buyer. Earlier on Wednesday, 12 global steel associations urged the G7 to prevent cheap Chinese steel distorting world markets and inflicting further pain on producers.Tata's decision has turned the spotlight on the global steel market and the impact of Chinese exports that could lead to protectionist trade policies.The BBC reported that ministers were expected to announce on Thursday proposals to overhaul the pension scheme, and the government was considering cuts to pension benefits to help smooth a sale