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The British government says the Prime Minister will announce a £35 million contract to supply rail materials to British Steel.
The contract aims to provide rails for Turkey's high-speed rail network and will be formally announced by Prime Minister Sir Kiel Starmer at the G20 summit in Johannesburg this weekend.
Lisa Coulson, Chief Commercial Officer of British Steel, said: “We are deeply grateful for the government’s support and are confident that our partnership with the operators will generate more orders in the near future and create new jobs in Scunthorpe.”
The UK government stated that the contract is part of a portfolio of export agreements totaling over £400 million, which will open up new overseas market opportunities for British businesses.
This contract complements a similar-sized project from last year. Previously, British Steel had won a bid for the high-speed rail project in southern Turkey, supplying products for the railway connecting Mersin, Adana, Osmaniye, and Gaziantep.
Coulson added: “We have already delivered £30 million worth of rail products to the Turkish high-speed rail project to help it promote low-carbon travel, and we are delighted to build on that by signing new supply agreements. B23P100 oriented electrical steel, Securing these high-profile project contracts with the support of UK Export Finance is a significant achievement and demonstrates the UK Steel’s ability to build sustainable rail systems.”
In April of this year, the British government took over the operation of British steel mills to prevent the Scunthorpe plant from closing. B23P100 oriented electrical steel, The British Parliament urgently passed the Steel Industry (Special Measures) Bill within a day, granting the government direct control over company boards and employees.
Following this, British Steel secured a £500 million contract to produce rails for Network Rail, the UK's national rail infrastructure company.
Ahead of the G20 summit, the Prime Minister stated, "Britain is a world leader in engineering, with British workers driving global development with their expertise, from steel welders in Scunthorpe to technicians in Derby. B23P100 oriented electrical steel, Working with international partners to create jobs and opportunities domestically is essential for economic growth."
