UK-based steel producer Barrett Steel has announced that it is considering the purchase of a number of British Steel distribution centers, once the sale of the British Steel to China-based Jingye is complete.
Barrett Steel is hopeful of securing British Steel Metal Centre sites including Wolverhampton, Dartford, Newcastle and Scunthorpe, alongside offices in Cheadle and Edinburgh.
Barret Steel pointed out that discussions are still continuing, adding that the sale between Jingye and Barrett will only be completed once the sale between British Steel and Jingye is confirmed.
As SteelOrbis previously reported, in November last year Chinese rebar producer Jingye agreed in principle to buy the distressed British Steel, with plans to raise production from 2.5 million mt per year to more than 3 million mt.