Steel Industry News – Late February 2026
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Scunthorpe-based British Steel has secured a new order worth tens of millions of pounds for a major high-speed electric railway in Türkiye. The eight-figure agreement, supported by UK Export Finance, will see British Steel supply 36,000 tonnes of rail to ERG International Group.
It will help create a 599 km line between Ankara and İzmir, significantly reducing carbon emissions by cutting rail travel time between the Turkish capital and port city.
The contract has created 23 new roles and seen the business start 24-7 rail manufacturing operations for the first time in over a decade.
British Steel chief commercial officer, Lisa Coulson, said: “Securing this prestigious contract – with the support of UK Export Finance – was a major achievement and underlines British Steel’s ability to build the sustainable track systems of the future.
Sourced from TheBusinessDesk
