Tata Steel is meeting in Mumbai to consider several takeover bids for its UK business, after the deadline closed on Monday.
Wales First Minister, Carywn Jones, and business secretary Sajid Javid have travelled to India to discuss bids for the business, which includes the main steel plant in Port Talbot.
Tata has refused to reveal how many bids it received. There are two parties that have regularly spoken out in the media, with several others reported in the media.
Among those known publicly are Excalibur Steel - a group of Tata Steel managers joined up to bid a management takeover - and Liberty House - the commodities firm owned by Sanjeev Gupta, which has already bought two of Tata's smaller locations. On the weekend, Excalibur Steel said it was willing to work with Liberty House on a bid, however it is understood that separate offers have been lodged.
However, on Tuesday, Carywn Jones raised doubts over whether Excalibur could raise the funds required to complete an offer.
Greybull Capital, which has already purchased Tata's Scunthorpe plant, saving 4,000 jobs in the process, is also believed to have submitted a bid.
Others reported to be interested in a takeover are JSW, India's second largest steel firm, British turnaround specialists Endless and Chinese firm Hebei Iron and Steel Group.