British Steel has secured a massive order worth “tens of millions of pounds” to provide materials for a major high-speed electric railway in Turkey.
The deal comes amid continued uncertainty over the future operation of its steel production sites in Scunthorpe and Teesside. British Steel is currently in limbo – while it is still technically owned by Jingye Group, the Scunthorpe plant itself has been effectively nationalised and taken out of Chinese control.
In April, parliament passed emergency legislation to give the government sweeping powers to control the management of the plant and ensure that production continues so that the UK retains some level of steelmaking capacity as a national security necessity.
The latest deal with Turkey will see British Steel supply 36,000 tonnes of rail to ERG International Group to help create a 599km line between capital Ankara and the port city of İzmir.
British Steel chief commercial officer Lisa Coulson said: “Securing this prestigious contract –...