The company expands the portfolio of products with high added value

Romanian company Liberty Galati, a subsidiary of British steel producer Liberty Steel Group, has invested $8.9 million in the installation of a new modern tube coating line at its Liberty Tubular Products Galati plant. SteelOrbis reports about it.

By installing a new coating line, the company is expanding its portfolio of products with high added value. Currently, the unit is at the stage of production tests. Its annual production capacity is 100,000 tons of products per year.

The company will produce coated pipes from its own billets and will have the ability to coat the external and internal surfaces of the pipes. The products will be used in oil, gas, water and other pipelines.

As GMK Center reported earlier, in December 2022, Liberty Galati stopped the blast furnace №5 for maintenance. Investments in the restoration of the unit were planned at the level of 18.3 million lei ($3.9 million).

In the second half of March 2023, the company resumed the work of BF №5. The safety, stability, and reliability of the unit have been significantly increased through the performed works. In addition, energy consumption has decreased.

Also, steel enterprises of the European Union in the first quarter of 2023, steel production was reduced by 10.1% compared to the same period in 2022 – to 33.1 million tons. In March, the EU reduced steel production by 5.6% y/y – to 11.9 million tons.

In 2022, European steelmakers reduced steel production by 10.5% compared to 2021 – to 136.7 million tons. In general, global steel output last year fell by 4.3% y/y – to 1.831 billion tons.