Tata Steel has told workers it has lost £160m in the past three months - around £1.7m a day. In a message to staff the company said it is "open to further investment" in Port Talbot, but it did not expect any government to cover its losses. Some politicians have questioned its claimed losses, but Tata Steel said its audited accounts were a "true and fair view" of its finances. Unions and Tata Steel will consult over restructuring plans to cut 2,800 jobs. Steel company executives will face scrutiny from MPs on Wednesday when they appear before the Welsh Affairs Select Committee.