It comes amid reports that the Indian conglomerate, and potential buyers, shied away from sales talks following Britain's vote to leave the European Union. Tata had been considering a string of potential bidders, and a management buyout.
Small businesses minister, Anna Soubry, stressed today that she was "positive about finding a buyer" for Tata UK after the Brexit vote, or some other way to ensure that the steelworks stay open.
In a special joint committee steel inquiry, Soubry also reiterated the government's commitment to take a 25 per cent stake in Tata UK to secure a rescue deal. She assured it still stood despite potential problems for future exports to Europe.
She added that failure to find a buyer could result in the government nationalising Tata's UK assets in a deal for a nominal £1.
“When we [initially] faced the crisis with Tata . . . you can be absolutely assured we looked at all options and one of those was whether or not we would buy it for a quid. We have looked at and we have continued to look at all options," she said.