The company will forge more than 337,000 tonnes of track in a deal safeguarding its future for the next five years.

Government’s £500m contract to save Scunthorpe will buy 73,000 tonnes of rails from Germany and Austria

The company will forge more than 337,000 tonnes of track in a deal safeguarding its future for the next five years.

British Steel announced Tuesday that it has landed a new contract with the Network Rail railway company worth more than a half-billion dollars.