Government officials say they are making “good progress” in finding potential buyers for British Steel which collapsed last week.

The Official Receiver said it had made contact with more than 80 potential purchasers, 60 of whom have been sent non-disclosure agreements (NDAs).

NDAs give bidders access to information that helps them prepare offers.

“Expressions of interest are due with me by early June,” the Official Receiver said in a statement.

“The indemnity provided to me [by the government] has enabled British Steel to continue to trade and the company retains good support from its customers.

“I would like to thank the workforce for their ongoing support. All staff have been retained and continue to be paid.”

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