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Galati hot strip mill automation boosts productivity
Wed, 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 output
Fri, 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

Liberty moves forward restructuring of Benelux units
Tue, 07 Dec 2021 00:00:00 GMT
Liberty Steel says it has taken some steps forward in the process of reorganising the structure of its Benelux units, in Liege and Dudelange. The group confirms toKallanishthat Belgian authorities have validated the restructuring plan presented by Liberty for the Liege unit. Similarly in Luxembourg, an agreement on the restructuring was reached with the

The pathway to rapid growth for one Indiana trailer fabricator
Wed, 01 Dec 2021 07:00:00 GMT
In a very short amount of time, Liberty Trailers and new owner Mike Teso have taken steps to grow the Fillmore, Ind.-based fabrication company through cultural change, which has added more employees, more revenue, and an automated welding

Poland greensteel producer Liberty Czestochowa restarts steel ...
Tue, 23 Nov 2021 00:00:00 GMT
Polish greensteel producer Liberty Czestochowa has restarted production of steel prefabricates for the first time since 2020, the company said Nov. 22. The restart of the 2,500 mt/month prefabrication plant was allowed after it received all the necessary certificates, with the first order for one of the lines regular customers already being processed. The

Sanjeev Gupta's GFG Alliance strikes debt deal with Credit Suisse
Sun, 10 Oct 2021 23:30:00 GMT
The GFG Alliance said on Sunday it had agreed a debt restructuring deal with Credit Suisse (CSGN.S) for its Australian steel and coal mining assets, and announced plans to inject 50 million pounds ($68 million) into the restart of its Rotherham electric furnace in the United

Sanjeev Gupta's coal mine expansion wins federal government tick
Thu, 07 Oct 2021 19:00:00 GMT
Sanjeev Gupta's GFG Alliance has won approval from the federal government for an expansion of the Tahmoor coal mine in NSW at a time when coal prices are soaring and it is still trying to finalise a refinancing of the mine and its stablemate, the Whyalla

153 pertes d'emplois chez Liberty Steel: le ministre Willy Borsus ...
Mon, 20 Sep 2021 00:00:00 GMT
La direction du groupe Liberty Steel a annonc, lundi, loccasion dun conseil dentreprise extraordinaire, quelle allait devoir se sparer de 153 travailleurs (sur un peu plus de 700) afin de sauver loutil sidrurgique et dviter la faillite. Ce volume de dsengagements nest cependant pasnon dfinitif, dans la mesure o les ngociations requises par

Credit Suisse and Sanjeev Gupta extend stillstand
Fri, 03 Sep 2021 09:20:00 GMT
A London court decided to hold a first hearing between Sanjeev Gupta and Credit Suisse in March, Bloomberg reported on Friday. This means it will take another six months before Credit Suisse can go after Gupta's business

Czech Liberty Ostrava sees steel product volume rising 47% in ...
Fri, 27 Aug 2021 00:00:00 GMT
Czech steelmaker Liberty Ostrava, part of GFG Alliance, said Aug. 26 it expects to increase 2021 production 47% year on year following a four-year high in steel product volume shipped in the second quarter. The company is in the process of increasing its production toward 2.5 million mt for the year, up from around

GFG settles Tata dispute, eyes UK production restart
Fri, 06 Aug 2021 00:00:00 GMT
GFG Alliance has reached an agreement in its legal dispute with Tata Steel, it tellsKallanish. The groups Liberty Steel UK (LSUK) unit is developing a business plan to allow it to resume production, which remains intermittent at the Rotherham plant. Tata Steel launched court proceedings earlier this year against Liberty Speciality Steels, Liberty House

Concerns deepen over fate of Gupta's speciality steel business
Mon, 02 Aug 2021 10:15:00 GMT
Concerns are growing over the future of Indian-born British businessman Sanjeev Gupta's speciality steel business, as customers abandon it and resources are squeezed. The business, which employs about 750 staff at plants in South Yorkshire

Number of GFG Alliance 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.

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