US EditionBritish Steel secures £500m contract to supply UK train tracks
NORTH LINCOLNSHIRE, ENGLAND, JUN 17 – The £500 million contract secures 2,700 jobs at Scunthorpe steelworks and ensures British Steel will supply 80% of Network Rail's rail track needs over five years.
- British Steel secured a £500 million five-year contract to supply more than 337,000 tonnes of rail track to Network Rail, starting July 1, 2025, at their Scunthorpe plant in North Lincolnshire.
- In April 2025, the UK government invoked emergency powers to assume management of British Steel, aiming to keep its historic blast furnaces in operation and prevent their closure following the previous owner Jingye’s plans to shut them down.
- Scunthorpe remains the last UK site producing virgin steel, employing 2,700 workers and supplying 80% of Network Rail’s track, with the deal securing thousands of related manufacturing jobs.
- Transport Secretary Heidi Alexander described the agreement as a significant boost for British Steel and its employees in Scunthorpe, while Business Secretary Jonathan Reynolds highlighted it as a strong endorsement of the UK’s steelmaking skills and a safeguard for many skilled jobs.
- The contract reinforces the government’s commitment to strengthening domestic manufacturing and infrastructure as part of its Plan for Change, helping sustain Britain's rail industry amid global tariff pressures and nationalisation plans.
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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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Coverage Details
Total News Sources40
Leaning Left4Leaning Right4Center6Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 29%
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