The United Kingdom's state-owned railway infrastructure group Network Rail has made an 'indicative offer' for British Steel's rail services business.
British Steel's UK assets comprise the Scunthorpe steelworks, which have a production capacity of 2.80 million tonnes per year; two mills in Teesside; an engineering workshop in Workington; and a design consultancy in York. The company also has a rail mill in Hayange in northern France, along with associated sales and distribution facilities, as well as owning Dutch wire rod producer FNSteel, which it bought in November 2017.In the UK British Steel produces sections, wire rod and rail, and exports the majority of its output,...