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British Steel

British Steel is to acquire the rail manufacturing business of Usinor of France for £83m.

British Steel has acquired Laminacion y Derivados, the Spanish steel business, for £19m.

British Steel has confirmed plans to merge with Hoogovens of the Netherlands with the loss of about 2,000 jobs, although there are no plans to close any big steel plants.

British Steel has acquired Caradon Catnic, the Caerphilly-based steel lintel producer, from Caradon in a £14m deal.

British Steel Forgings is being acquired in a management buy-out for £74.5m.

British Steel is to set up an automotive engineering group in Coventry, employing 30 engineers and boosting the company's links with the motor industry.

British Steel has bought British Rail's Castleton Long Welded Rail and Track Works, meaning that about a third of the railway industry by turnover has been sold off.