ArcelorMittal, is known in the UK for sponsoring the Orbit, in the Queen Elizabeth Olympic Park at Stratford.
Boss of British Gas owner said North Sea companies that want to continue would need support.
Buying imports doesn't make us worse off as imports balance with corresponding exports or investment into UK.
Brent crude and WTI fall below $30 a barrel as concerns over a slowdown in China intensify.
With gloom about sustainability of economic recovery low oil prices are a gift for Western economies.
The group will be chaired by Oliver Letwin, minister for government policy.
Rating agency says decision motivated by the ongoing slump in oil prices.
BP's CEO says oil prices will continue to decline for at least another six months but will not fall forever.
Saudi Arabia, the world's biggest oil producer, is mooting an IPO of Saudi Aramco.
Forgemasters blamed the government and its handling of the steel crisis for the job cuts.
Oil prices relinquish gains as Tehran aims to ramp-up oil production by 500,000 barrels per day.
Shares across Asia decline to their lowest levels since late 2011.
Goldman Sachs, RBS and Morgan Stanley too are ultra-bearish about oil prices.
The move is in line with its efforts to increase its footprint in London's bullion market.
Complete privatisation would make Saudi Aramco by far most valuable company in the world.