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The Independent UK
The Independent UK
Business
Helen William

Rail deal worth £500m will help save Scunthorpe steelworks, says minister

British Steel Scunthorpe Heidi Alexander Network Rail Transport British Britain DfT GMB Jingye
The Scunthorpe steelworks will supply products to Network Rail (PA) - (PA Wire)

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.

British Steel is to supply 337,000 tonnes of rail track, which will secure thousands of manufacturing jobs, in an agreement which comes two months after the Government used emergency powers to prevent the blast furnaces from immediate closure.

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