French Finance Minister Bruno Le Maire threatens to block the firm's takeover by China's Jingye.
Read moreSteel industry
About 10% of the workforce could be axed if the firm is bought by China's Jingye, three unions say.
Read moreLiberty Steel announces redundancies at its South Yorkshire and South Wales speciality steel plants.
Read more'Challenges remain for the UK’s steel industry'

Today’s announcement shows yet again that challenges remain for the UK’s steel industry and that is why we reiterate our call on government to meet with unions and employers in the industry to discuss action on the outstanding issues which we have been campaigning on for some time, such as energy costs, business rates and procurement. We will be sitting down with Liberty Steel to look at their plans in detail and examine the rationale behind these proposals. In the meantime, we recognise that the company has indicated its intention to achieve any reductions through voluntary redundancy – we will be holding them to that commitment.”
BreakingLiberty Steel to axe jobs
Liberty Steel Group is planning to cut 355 jobs in south Yorkshire and south Wales after a review of its UK business in response to "challenging market conditions and a lingering reduction in demand for UK steel products".
Liberty Steel UK's chief executive Cornelius Louwrens, says: “Unfortunately, the steel industry in the UK is facing challenging conditions and we have made the difficult decision that there is a need to reduce the workforce at a handful of locations, in order to make them sustainable for the long-term."
A spokesman for Prime Minister Boris Johnson said Downing Street is "monitoring the situation closely".
The UK government needs to act over the company's concerns over high prices, says the first minister.
Read moreChairman of the Tata Sons group says its Port Talbot plant must become "self-sustaining".
Read moreThe 150-year-old firm has 219 staff in Crook in County Durham, Alston in Cumbria and Scunthorpe, Lincolnshire.
Read moreChina's Jingye denies a newspaper report suggesting its bid to rescue the firm could collapse.
Read moreBrian Meechan
BBC Wales business correspondent
Tata previously said it was shutting the steelworks, putting up to 380 jobs at risk.
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