Liberty Steel Completes Acquisition of ArcelorMittal Assets
Liberty Steel, part of Sanjeev Gupta’s global GFG Alliance, completed the acquisition of seven major steelworks and five service centers across seven European countries from ArcelorMittal. The seven sites employ over 14,000 people and include the major integrated steelworks at Ostrava in the Czech Republic and Galati in Romania as well as rolling mills at Skopje (North Macedonia), Piombino (Italy), Dudelange (Luxembourg) and two plants near Liege in Belgium. The service centers are based in France and Italy.
These operations, with a combined rolling capacity of over 10 million metric tons per year, supply steel to multiple sectors across Europe, including: construction and infrastructure products, automotive, aerospace, energy, industrial equipment and consumer products. The deal makes Liberty Steel one of the top 10 producers globally, excluding China, with a total rolling capacity in excess of 18 million metric tons per year covering a range of finished products.