Romanian flats spot market stable, Liberty Galati still shut and in trouble Following last week’s decline driven by high inventories and weak demand, Romanian flat steel spot prices have stabilized, with levels unchanged week on week. However, market sentiment remains fragile. Demand is still sluggish, liquidity issues continue to restrict purchasing capacity, and, with the holiday season approaching, market participants see little chance of a near-term recovery. … The post Romanian flats spot market stable, Liberty Galati still shut and in trouble first appeared on EUROMETAL.

#LatestUpdates #LibertyGalati #Romania Romanian flats spot market stable, Liberty Galati still shut and in trouble

Metinvest confirms initial interest in acquiring idled Liberty Galati steel plant Metinvest has confirmed a preliminary interest in Romania’s 3 million mt/year integrated iron and steel works Liberty Galati. The Ukrainian mining and steel company confirmed to Platts, part of S&P Global Commodity Insights, it is examining the feasibility of such an acquisition and the potential synergies with its business, but added it has not yet … The post Metinvest confirms initial interest in acquiring idled Liberty Galati steel plant first appeared on EUROMETAL.

#LatestUpdates #LibertyGalati #Metinvest #Romania Metinvest confirms initial interest in acquiring idled Liberty Galati steel plant

Steel Mont proposes Liberty Galati revival A European consortium led by trading company Steel Mont has proposed a toll processing agreement and potential acquisition of Romania’s currently idled Liberty Galati plant, Steel Mont said on 3 October.  The proposal, submitted to the company’s administrators on 23 September, outlines plans for a plate operation restart. Steel Mont stressed that the restart of … The post Steel Mont proposes Liberty Galati revival first appeared on EUROMETAL.

#LatestUpdates #Liberty #LibertyGalati #Romania Steel Mont proposes Liberty Galati revival

Romania’s Liberty Galati plans to restart BF No. 5 in late April Following the loan received from the government, Romania-based Liberty Galati plans to restart its blast furnace No. 5 on April 22 after the Easter vacation. The mill was shut down for maintenance and has remained closed due to poor market conditions since the beginning of summer last year. “Together with a strong and dedicated team … The post Romania’s Liberty Galati plans to restart BF No. 5 in late April first appeared on EUROMETAL.

#LatestUpdates #LibertyGalati Romania’s Liberty Galati plans to restart BF No. 5 in late April