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Originally published by Capital Business
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business
June 17, 2025
5mo ago

British Steel secures £500m contract to supply UK train tracks

British Steel secures £500m contract to supply UK train tracks

JUNE 17 - British Steel has secured a five-year contract worth £500m to supply train tracks for Network Rail, in a move which could help safeguard the Kenya breaking news | Kenya news today |..

✨ Key Highlights

British Steel has secured a **£500m** contract to supply train tracks to **Network Rail** over five years, ensuring the future of its Scunthorpe plant and safeguarding thousands of jobs.

  • Contract worth **£500m** to supply over **337,000 tonnes** of track
  • Key organization involved: Network Rail
  • Agreement beginning **July 1** demonstrates the UK government's commitment to bolster domestic manufacturing amidst concerns over national steel production

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Economic Developments and Investments

Mali's new Russian-backed gold refinery and British Steel's £500m train tracks contract showcase economic initiatives.

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