Barrett Steel intends to acquire British Steel distribution sites

Steel stockholder Barrett Steel has confirmed it intends to purchase a number of British Steel distribution centres immediately upon the sale of the steelmaker to China-based Jingye.

Barrett Steel is hopeful of securing British Steel Metal Centre sites at: Wolverhampton, Dartford, Newcastle and Scunthorpe alongside offices in Cheadle and Edinburgh.

The company said it is currently awaiting the sale of British Steel to be finalised. As discussions are continuing, Barrett Steel added that it would like to clarify that the sale of any distribution sites will only be completed once the deal between British Steel and Jingye is confirmed.