4:18 PM 12th February 2020
Barrett Steel Limited Confirm Their Intentions To Acquire Uk Distribution Sites From British Steel
Barrett Steel, the largest steel stockholder in the UK, has confirmed its intentions to purchase a number of British Steel distribution centres immediately upon the sale of British Steel to Jingye.
Barrett Steel is hopeful of securing British Steel Metal Centre sites including: Wolverhampton, Dartford, Newcastle and Scunthorpe alongside offices in Cheadle and Edinburgh.
In a statement the company said: "We are currently awaiting the sale of British Steel to be finalised. Discussions are continuing, but we would like to clarify that the sale between Jingye and Barrett’s will only be completed once the sale between British Steel and Jingye is confirmed."