Home / Business and Economy / British Steel Wins Big in Turkey Rail Deals

British Steel Wins Big in Turkey Rail Deals

Summary

  • New contract part of £400m export deals benefiting UK firms.
  • British Steel secured a £500m deal for Network Rail tracks.
  • UK government took control of Scunthorpe plant in April.
British Steel Wins Big in Turkey Rail Deals

British Steel is set to benefit from substantial export deals, with a new contract contributing to over £400 million in agreements that will create opportunities for British businesses. This follows a similar large-scale project announced last year for Southern Turkey.

The company has a proven track record, having already supplied £30 million worth of rail products for Turkey's high-speed rail initiatives. Securing these prestigious contracts, aided by UK Export Finance, highlights British Steel's capacity for developing sustainable track systems for the future.

Following a government intervention in April to prevent its closure, the Scunthorpe plant has also secured a significant £500 million contract to supply train tracks to Network Rail, underscoring the resilience and ongoing importance of the UK's steel industry.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

Read more news on

Property Code: 5571