Steel raw materials markets moving into Q1 with optimism on demand ...Mon, 27 Nov 2023 00:00:00 GMT
Steel raw materials markets hoped for stronger demand and higher forward pricing cues this week, with buyers and traders converging in Dubai showing cautious optimism after a weak fourth quarter. At a Liberty Steel event Nov. 21 around a regional industry conference, iron ore suppliers, steel and ferroalloy producers and traders discussed the restart of a blast furnace at Galati in Romania a week earlier as a sign of better times for the industry. Feeding expectations of further restarts and
Liberty Steel wins tender to buy Hungary's Dunaferr steelworksWed, 12 Jul 2023 00:00:00 GMT
Liberty Steel has won a tender to purchase Hungary-based flat steel producer Dunaferr, the UK-based company told Fastmarkets on Tuesday July 11.Liberty Steel and Vulcan Steel, a private company registered in Mauritius, were the two main bidders for Dunaferr, industry sources told Fastmarkets. Liberty won with a bid of 55 million ($60.35 million), submitted
Liberty Steel unit awarded two North Sea pipe contracts by Subsea7Wed, 24 May 2023 00:00:00 GMT
Liberty Pipes Hartlepool, a subsidiary of UK-based Liberty Steel Group, has been awarded two contracts by engineering company Subsea7 to provide pipes for the Yggdrasil and Valhall PWP-Fenris offshore field projects in the North Sea. The steelmaker will supply 16.6 km of longitudinally submerged arc welded (LSAW) pipe for the contracts, with work set
Dunaferr restarts hot strip millTue, 21 Mar 2023 00:00:00 GMT
Dunaferr has restarted its hot strip mill after a three-month stoppage, a spokesperson for Liberty Steel, which is managing the insolvent Hungarian steelworks, tells Kallanish. This follows the restart of its blast furnace no.2 and cold rolling mill last month, as well as the stabilisation of its coke batteries. The move means customers can
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 BarMon, 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: sourcesThu, 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: reportsTue, 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: administratorThu, 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 idledTue, 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
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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.