US EditionBritish Steel secures £500m contract to supply UK train tracks
- British Steel secured a £500 million five-year contract starting July 1 to supply over 337,000 tonnes of train track for Network Rail in the UK.
- The deal comes after the government intervened in April by invoking emergency powers to assume management of British Steel and stop the closure of its Scunthorpe blast furnaces.
- The Scunthorpe plant employs 2,700 workers, produces virgin steel, and has supplied Network Rail for decades, making the contract vital to its long-term survival.
- Transport Secretary Heidi Alexander described the agreement as a significant turning point for British Steel and its employees in Scunthorpe, while Business Secretary Jonathan Reynolds praised it as a strong endorsement of the UK’s steelmaking skills and a boost for numerous skilled jobs nationwide.
- The deal safeguards thousands of manufacturing jobs, strengthens domestic steel production, and supports government efforts to boost economic growth in the UK's industrial heartlands.
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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
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Thousands 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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