Liberty Steel gears up for immediate restart of Liege millsFri, 20 May 2022 00:00:00 GMT
Liberty Steel Group said May 19 it has won its appeal against the Lige Enterprise Courts decision to appoint administrators to Libertys Lige plants in Belgium and has pledged an immediate restart of the business. This is an unprecedented result, as never in Belgium court history has a liquidation order for insufficiency of net
Marcegaglia buys Liberty's UK tube businessFri, 13 May 2022 00:00:00 GMT
Marcegaglias UK division has acquired Liberty Steels Oldbury-based Precision Tubes assets in the West Midlands, the Italian pipemaker confirms to Kallanish. Prior to the purchasing deal, Marcegaglia operated Libertys facilities under a licence agreement. During the two-year assessment, Marcegaglia UK has used the assets to contribute to its existing business, which has aided the
Uncertainty continues at Liberty's Luxembourg unitWed, 27 Apr 2022 00:00:00 GMT
Luxembourg authorities stressed last week that they hope to see a new owner for Liberty Steels Dudelange assets, mirroring the concerns expressed by trade unions over recent months. Liberty Steel controls the hot-dip galvanizing lines of Luxembourg-based Dudelange, which is strongly connected to the groups Liege units in Belgium. Earlier this month, a Belgian
Liberty Steel vows to appeal after court rejects restructuring ...Fri, 15 Apr 2022 00:00:00 GMT
The Commercial Court of Lige in Belgium has rejected a restructuring plan for Liberty Steels Belgian assets and ordered the liquidation of its Liberty Lige subsidiary, Fastmarkets understands.The court proceedings involved Wallonia district-owned investment company Sogepa and local trade unions, according to local media reports. In June 2021, the management ofLiberty Lige secured a loan
Liberty Steel foresees 50 UK net job reductionsWed, 13 Apr 2022 00:00:00 GMT
Liberty Steel is envisaging a net reduction of some 50 jobs in the UK as part of its ongoing restructuring process. 162 roles will be scrapped at the High Value Manufacturing Stocksbridge plant and 45 at the Performance Steels business in West Bromwich, while up to 161 positions will be added at Rotherham. The
Trade unions paint bleak future for Liberty DudelangeFri, 25 Mar 2022 00:00:00 GMT
Trade unions in Luxembourg have this week issued a statement to express their concern over the future of the Liberty Dudelange coil galvanising mill. Earlier this month, Luxembourg authorities decided against extending state support for the temporary layoff scheme at the plant. From April, therefore, all salaries of the workforce will need to be
Liberty Ostrava announces surcharge on flat steel productsMon, 14 Mar 2022 00:00:00 GMT
Liberty Ostrava, a major Czech Republic-based steel producer, has announced surcharges of Eur125/mt ($136.71/mt) on flat-rolled products and Eur175/mt on long and tubular products, citing increases in production costs related to the war in Ukraine. The surcharges were announced March 10 by the company, part of the Liberty Steel group, in a note to
Beltrame closes in on Romanian longs mill acquisitionTue, 22 Feb 2022 00:00:00 GMT
Beltrame has received Romanian competition authority approval to take over bankrupt long products mill COS Targoviste for 38.3 million ($43.5m). The Italian firm tellsKallanishitplans to invest some 100m into modernising the Romanian long products millsequipment. Liberty Steel had also been in the running to acquire the plant, according to stock exchange filings. The Romanian
Liberty restarts packaging line in Belgium, evaluates galvTue, 15 Feb 2022 00:00:00 GMT
Liberty Steel has recommissioned the packaging line at its Tilleur site, near Liege, in Belgium. The line has been down for some time, with the last three months focused on maintenance works to ensure its restart. The decision to relaunch packaging production is part of the plan of the company to relaunch the Liege
Italy's Liberty Magona to increase capacity by more than 20%Wed, 02 Feb 2022 00:00:00 GMT
Liberty Magona, the Italian producer of galvanized and pre-painted flat-rolled coil products, expects to achieve a capacity increase of more than 20% in 2022, a Liberty Steel Group spokesperson said Feb 1. A number of challenges (the pandemic, Greensill situation and HRC supply disruptions) impacted Liberty Magonas ability to operate at full capacity in
Galati hot strip mill automation boosts productivityWed, 22 Dec 2021 00:00:00 GMT
Liberty Galati has invested 5.5 million ($6.2m) into the automation of its hot strip mills roughing stand and pusher furnaces, which will increase the lines productivity. It is also replacing all old transformers with modern ones to improve environmental footprint. The investment will also better integrate technical and operational decisions, improve the quality of
Liberty increases third-quarter Europe outputFri, 10 Dec 2021 00:00:00 GMT
Liberty Steels European units continued to improve performance in the third quarter, while its Ostrava mill has managed to reach an agreement with unions on new wages from 2022. The Czech plants production was similar on-quarter but up 60% versus Q2 2020. The steelworks is in the process of evaluating final tenders from potential
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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.