Liberty Steel news headlines & Sanjeev Gupta press reports.

Liberty Steel News

Romanian steelmaker Liberty Galati to restart its only blast ...
Wed, 22 Feb 2023 00:00:00 GMT
Liberty Galati, the largest integrated steel producer in Romania, will resume pig iron and steel making operations in full after restarting its only blast furnace in March, parent company Liberty Steel said Feb. 21. Flat-rolled steel producer Liberty Galati will restart blast furnace No. 5 in mid-March 2023 on signs of market recovery in


GFG Alliance acquires Aartee Bright Bar
Mon, 20 Feb 2023 00:00:00 GMT
GFG Alliance has acquired insolvent UK engineering steel distributor Aartee Bright Bar (ABB) via the purchase of 100% shares in Aartee Group Pte Limited. This follows Aartee going into administration earlier this month. GFG has provided funding to cover wages for four weeks to prevent a reduction in jobs expected under the administration. The


Liberty Steel wins Hungarian state support for restarting Dunaferr ...
Fri, 17 Feb 2023 00:00:00 GMT
Liberty Steel has secured a deal with the Hungarian state allowing it to draw a credit line in state-owned EXIM Hungary in connection to Hungarian integrated flat steel producer Dunaferr, a source close to the matter told S&P Global Commodity Insights Feb. 16. UK-registered Liberty Steel declined to comment on the state guarantee for


Dunaferr restarts blast furnace amid market uptrend: sources
Thu, 16 Feb 2023 00:00:00 GMT
Dunaferr has restarted one of its two idled blast furnaces after months of completely suspended production. Coking coal feedstock for the troubled Hungarian steelmakers coking plant, the shortage of which was a major factor behind the production stoppage, has been supplied by Liberty Steel, informed sources tell Kallanish. Iron ore feedstock has been sourced


Liberty rejects Luxembourg mill public acquisition offer: reports
Tue, 07 Feb 2023 00:00:00 GMT
Liberty Steel has rejected an acquisition offer for its Dudelange galvanizing mill in Luxembourg from local public-law banking institution SNCI, which was negotiated by the economy ministry, Kallanish learns from local reports. The original plan of the ministry was for SNCI to acquire the mill and then find a new owner. The move is


Liberty Steel Group investigating restart of Dunaferr: union ...
Mon, 30 Jan 2023 00:00:00 GMT
Liberty Steels specialists are investigating the restart of Hungarian integrated flat steel producer Dunaferr, a representative of the steelworks trade union told S&P Global Commodity Insights Jan. 27. Liberty Steel Group is also negotiating a possible acquisition of the plant with the government and the liquidation commissioner, he said. The UK-based company declined to


Liberty Liege attracts attention of several buyers: administrator
Thu, 26 Jan 2023 00:00:00 GMT
Several companies are interested in buying the ex-Liberty Steel galvanizing line plant in Flmalle and tinplate line plant in Tilleur, both in Liege, Belgium, a provisional administrator and legal representative of the production sites Lexlitis law firm told S&P Global Commodity Insights on Jan. 25. I can confirm that I am in contact with


Liberty Liege attracts buyers' interest, Dudelange remains idled
Tue, 24 Jan 2023 00:00:00 GMT
Liberty Steels coil rolling plants in Belgium have started attracting some interest from potential buyers, according to local Belgian press reports. Indias JSW Group has allegedly registered its interest for the purchase of the assets, while other steel suppliers are also evaluating the case. Liberty Steel declined to comment when contacted by Kallanish on


Liberty Steel to curtail UK production in response to high energy ...
Fri, 13 Jan 2023 00:00:00 GMT
Liberty Steel UK will reduce primary steel production and idle downstream processing capacity in response to challenging operating conditions arising from high energy costs and strong competition from importers, it said in a statement released Jan. 12. Despite the injection of GBP 200 million in shareholder capital over the last two years, the production


Liberty's Galati shuts only working BF for maintenance; no market ...
Thu, 08 Dec 2022 00:00:00 GMT
Liberty Steels decision to suspend operations at a blast furnace (BF) at its Galati plant in Romania for the rest of the year for planned maintenance will have no impact on supply, it said. BF5, which has capacity of 2 million tonnes per year of pig iron, will close for maintenance work before the


Liberty Steel Galati puts BF5 on $3.7 million care, maintenance ...
Wed, 07 Dec 2022 00:00:00 GMT
Romanian steelmaker Liberty Steel Galati has put its blast furnace No. 5 on a Leu18.3 million ($3.7 million) care and maintenance program until the start of 2023, it has reported. The program is due to improve the safety, stability, reliability and energy usage performance of the furnace, the company said late Dec. 5. Work


Liberty Steel reaches global debt restructuring agreement, still ...
Wed, 16 Nov 2022 00:00:00 GMT
Steelmaker Liberty Steel, part of the GFG Alliance, has reached an agreement to restructure its global debt with some of its main creditors, although it is still negotiating debt restructuring for its European business, it said Nov. 15. The group has signed a term sheet with parties responsible for the main creditors of Greensill



Number of GFG Alliance / Liberty Steel news reports: 12
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GFG Alliance is a collection of global businesses and investments. The organisation - headquartered in London, United Kingdom - is structured into three core industry brands: Liberty Steel Group, Alvance Aluminium Group and Simec Energy Group. Operations centre on the metals, mining and industrial energy sectors and in early 2021 the firm employed ~ 35,000 people across 30 countries.

In steelmaking, the company aims to increasingly recycle ferrous scrap using electric arc furnaces powered by renewable energy, adopting a so-called 'GREENSTEEL' business model.