Network Rail bids for parts of British Steel

[John Ashworth]

Network Rail bids for parts of British Steel

Network Rail has made a bid for parts of British Steel ahead of an initial deadline for offers for the company, which collapsed into liquidation in May putting 4,500 jobs at risk.

The company, which manages the UK’s 20,000 miles of rail tracks, said it made the bid to avoid the possibility of losing one of its most important suppliers. The British railway system is heavily dependent on British Steel, which accounts for 97% of the steel used in railway tracks...