British Steel has announced a production increase following the award of one of its largest ever export orders.
A 70 million GBP contract will see the company supply 120,000 tonnes of steel to aid in the modernisation of the Tin Can Island and Lagos Apapa port complexes in Nigeria.
In order to meet demand for the contract, which is one of the largest orders for billet the company has received, the company will increase steel production in Scunthorpe
British Steel CEO Allan Bell said:This is a record-breaking contract for British Steel and a major boost to our 4,000 employees and many more people in our supply chains.
After government intervention last April, everyone at British Steel has worked hard to stabilise the company. This deal represents us moving from stabilisation to building long-term sustainability for the business.
As one of the largest ever orders for billet in the history of this company, it marks a tremendous vote of confidence in British Steel and UK manufacturing. And as the biggest order we have ever secured with UK Export Finance, it demonstrates how we are working with the UK Government to meet the global demand for our products.
We thank the government for its support and look forward to working with Hitech Construction Africa Ltd on this transformative project.
The development being supplied is a flagship initiative that seeks to modernise Nigeria’s port infrastructure, boost operational efficiency, and expand the country’s overall trade capacity. All billets supplied by British Steel will be of a 140mm rebar type grade, with deliveries set to begin this spring and continuing over the next three years.
