Network Rail has made an indicative bid for the railway business of British Steel, the owner of the Scunthorpe and Teesside steelworks that collapsed into liquidation in May.
The state-backed owner of Britain’s tracks, signals and stations has made a proposed offer for the part of the steel business that provides it with about 100,000 tonnes of rails a year.
However, buying the business responsible for the welding, finishing and storing of rails for Britain’s train network is not the company’s preferred option.
A Network Rail spokesman: “We have made an indicative offer for some railway-critical assets although our overwhelming preference is that a purchaser for the entire business is found”.
Its interest in part of British Steel was first reported in The Sunday Telegraph.
Source: The Times