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.
Insights by Ground AI
Does this summary seem wrong?
39 Articles
39 Articles
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 Article
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
Read Full Article
Can a $673M Railway Deal Keep British Steel on "Track?”
British Steel has secured a 5-year agreement to supply rail to Network Rail, the infrastructure manager of the UK’s rail network. Under the tenets of the deal, the steelmaker will provide 70,000 to 80,000 metric tons per year. In a June 17 statement, British Steel reported that the contract is worth £500 million (almost $673 […]
Coverage Details
Total News Sources39
Leaning Left4Leaning Right4Center5Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
Factuality
To view factuality data please Upgrade to Premium
