This is the best summary I could come up with:

The owners of Port Talbot steelworks have rejected a trade union plan designed to keep its blast furnaces running, putting nearly 3,000 jobs at risk and leaving the UK on course to become the only major economy unable to make steel from scratch.

The company, which is getting £500m from the government to help with that plan, broke the news during a summit at the five-star St James’ Court hotel in London, which is owned by the Tata Group.

The shadow business secretary, Jonathan Reynolds, lashed out at the government for providing Tata with funds to pay for its green transition plans without securing a guarantee on jobs.

But at a meeting in London on Thursday, Tata Steel is understood to have told union representatives that the proposal was unaffordable given Port Talbot’s losses, estimated at £1m a day.

Stephen Kinnock, the Labour MP whose Aberavon constituency includes Port Talbot, called on the government to “rethink their approach” and adopt union proposals for a staggered transition to electric arc furnaces, with jobs protected in the meantime.

There is a broad range of support for staff affected, including a dedicated transition board backed by £80m funding from UK government and £20m from Tata Steel.

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