No guarantee Tata steel industry's success, says David Cameron

He said they're coping with a massive oversupply, a collapse in prices, from China

Prime Minister David Cameron said there was no guarantee that government efforts to save the British steel industry would be successful, as ministers search to find a buyer for Tata Steel's UK assets.

"There is no guarantee of success," Cameron told parliament on Wednesday.

"While I want to do everything we can to secure the future, not only for Port Talbot but also for Scunthorpe and steelmaking in Britain, we're coping with a massive oversupply, a collapse in prices, from China."