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Tata Says Port Talbot May Close Without £1.5 Billion From Government

Aberavon beach and Port Talbot steelworks.
Aberavon beach and Port Talbot steelworks.

Photographer: Matthew Horwood/Getty Images

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Indian steel giant Tata Steel Ltd. may close sites including Port Talbot unless it receives £1.5 billion ($1.8 billion) in support from the UK government, the Financial Times reported.