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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

Liberty Steel UK completes ecoke trial in move to cut emissions
Wed, 19 Oct 2022 00:00:00 GMT
Liberty Steel UK has successfully completed ecoke trials at its Rotherham site as part of the companys processes to identify opportunities to reduce CO2 emissions, the steelmaker said Oct. 18. Ecoke is a manufactured fuel containing a minimum of 30% renewable biomass that can replace anthracite the main source of carbon in electric

Liberty Ostrava contracts Danieli for hybrid EAFs
Mon, 11 Jul 2022 00:00:00 GMT
Liberty Ostrava has signed a deal to procure from Danieli the two hybrid electric arc furnaces it plans to roll out in its bid to become carbon neutral by 2030. Liberty initially outlined in 2020 its plan to replace blast furnace steelmaking with the EAFs, to use increased domestic scrap as feedstock and reduce

Turkey imposes duties on HRC imports from EU, South Korea
Fri, 08 Jul 2022 00:00:00 GMT
Turkeys trade ministry has imposed antidumping duties on hot-rolled coil imports from the EU and South Korea after a year-long investigation, according to a presidential decree published July 7. Acciaierie dItalia S.P.A and all ArcelorMittal mills in the EU will be subject to a duty of 10.9%; Tata Steel Ijmuiden, 7%; Liberty Galati S.A.,

Liberty Steel gears up for immediate restart of Liege mills
Fri, 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 business
Fri, 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 unit
Wed, 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 reductions
Wed, 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 Dudelange
Fri, 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 products
Mon, 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 acquisition
Tue, 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

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.

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