British Steel acquires Dutch steel maker

British Steel has completed its first acquisition since its rescue last year with FNsteel, a Dutch steelmaker specialising in the production of premium wire rod products. The purchase diversifies and enhances British Steel’s offering and value chain with new products and a customer base in the European automotive, construction and engineering industries. FNsteel employs 300 people at its wire rod mill in Ablasserdam and has an annual turnover of £133m.

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