An expected announcement on the future of the country’s biggest steel plant is not being made on Wednesday.
Unions had been expecting confirmation of thousands of job losses at Port Talbot in South Wales.
The board of steel giant Tata met in India and was expected to give details of job losses under plans to produce steel in a greener way.
The government has said it will give up to £500 million and Tata will spend hundreds of millions of pounds in a development aimed at securing the future of the plant.
Port Talbot has two blast furnaces to produce steel used in everything from cars to cans.
It is the biggest employer in the region, also supporting jobs in companies which supply the plant with goods and services.
A Tata Steel spokesperson said: “We hope to start formal consultation with our employee representatives, shortly. In these discussions, we will share more details about our proposals to transition to a decarbonised future for Tata Steel UK.
“We believe our £1.25 billion proposal to transition to green steelmaking will secure the business for the longer term, bolster UK steel security and help develop a green ecosystem in the region.
“We are committed to meaningful information and consultation process with our trade union partners about these proposals and will carefully consider any proposals put forward.”
