Overview

• The five-year deal will supply 337,000 tonnes of rail track from July, reinforcing British Steel as Network Rail’s principal supplier.
• Under the contract, British Steel will meet around 80 percent of Network Rail’s requirements while European firms supply the remaining 20 percent.
• The agreement follows April’s emergency legislation that prevented Jingye Group from closing Scunthorpe’s blast furnaces.
• Scunthorpe remains the only UK site capable of producing high-purity virgin steel essential for major infrastructure projects.
• Officials say the contract safeguards thousands of skilled jobs in North Lincolnshire and signals confidence in the UK steel sector.