Huta Częstochowa’s assets are estimated at PLN 227 million

The Polish steel plant Huta Częstochowa, which has been in bankruptcy proceedings since 2019, has been valued at PLN 227 million. An auction for the sale of the company is expected to be announced in the near future, wyborcza.pl reports.

The plant’s liquidator presented the court with the auction’s valuation and rules, setting the starting price at PLN 227 million ($54.9 million). The Commercial Court in Czestochowa may announce the auction as early as this week.

The plant is currently leased by the state-owned Węglokoks holding, which is actively working to restore its operations. In December 2024, the key equipment of the steel shop and the heavy plate mill was cold-started. On January 10, 2025, after more than a year’s hiatus, the plant carried out its first test steelmaking. The official launch of production is scheduled for January 20.

In addition to Węglokoks, international companies are also interested in acquiring Huta Częstochowa.

Huta Częstochowa is one of the largest steel plants in Poland, founded in 1896. Until 2019, it was owned by the Ukrainian corporation ISD, but due to bankruptcy, the owners lost control of the enterprise. After that, the plant was leased by Sunningwell International Polska, and in 2021, it was acquired by Liberty Group for PLN 190 million. At the end of 2023, production stopped again due to the owner’s bankruptcy.

In November 2024, the state-owned holding Węglokoks leased the plant, creating a new company, Huta Częstochowa Sp. z o.o., which took over the responsibilities of the employer for more than 900 employees. Węglokoks owns several steel plants in Poland and has assets in the energy and logistics sectors.

As GMK Center reported earlier, the Polish Ministry of Industry has set up a working group to develop a national strategy for the steel sector. Its tasks will include, among other things, identifying the main challenges for the industry that require intervention at the national and European levels; developing proposals to improve the functioning of the steel industry, etc. The team started working in early 2025.