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British Steel secures £500m contract to supply UK train tracks
- British Steel announced a £500 million five-year contract with Network Rail on Tuesday to supply train tracks from its Scunthorpe plant starting July 1.
- The deal follows the UK government taking emergency control of British Steel in April to prevent closure of Scunthorpe's blast furnaces amid ownership conflicts with Jingye.
- The contract secures manufacturing of at least 337,000 tonnes of rail and protects about 2,700 jobs at the last UK plant producing virgin steel in Scunthorpe.
- Transport Secretary Heidi Alexander described the agreement as a significant turning point for British Steel, while Business Secretary Jonathan Reynolds highlighted it as a strong endorsement of UK steelmaking expertise and its role in sustaining skilled employment.
- The agreement demonstrates government efforts to strengthen domestic manufacturing and infrastructure, indicating continued government backing for British Steel's long-term future amid industry uncertainties.
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Deal worth £500m agreed over Scunthorpe steelworks as British Steel to supply 337,000 tonnes worth of train track
A £500 million five-year deal has been struck between Network Rail and British Steel to help save the Scunthorpe steelworks, the Government has announced.
·London, United Kingdom
Read Full ArticleThousands of British Steel jobs secured thanks to £500m Network Rail deal - The Mirror
Two months after being saved by the government, British Steel's Scunthorpe plant is celebrating securing a five-year contract from Network Rail to supply 337,000 tonnes of long and short rail
·London, United Kingdom
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