What is the value of the new export deals for British Steel?

The new contract is part of over £400 million worth of export deals that will provide new opportunities for British companies.

Has British Steel worked with Turkey before?

Yes, British Steel has previously delivered £30 million of rail products into high-speed projects in Turkey and has a similar-sized agreement for a project connecting Mersin with other cities.

What action did the UK government take regarding British Steel?

In April, the government took control of British Steel's plant in Scunthorpe under the Steel Industry (Special Measures) Act to prevent its closure.

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

British Steel Wins Big in Turkey Rail Deals

23 Nov

•

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.