Liberty Ostrava resumes production of some items

Czech steelmaker Liberty Ostrava, a subsidiary of British Liberty Steel, which is up for sale, has resumed production of rebar and road fencing under a tolling scheme, and this week will also resume production of seamless pipes. This was reported by Kallanish, citing sources.

The company is supplied with square and round billets by two separate companies.

According to the Czech press, Liberty Ostrava’s insolvency administrator Simon Petak notes that the restart of production should lead to the overall preservation of operations and the possibility of selling the plant as a going concern, which will satisfy the creditors’ claims.

According to České noviny, in the Liberty Ostrava bankruptcy case, creditors have filed claims for more than CZK 23.23 billion, the vast majority of which are unsecured claims. However, the insolvency administrator denies claims worth more than 15.2 billion, the vast majority of which are rejected by companies related to Liberty Ostrava.

According to Petak’s report submitted to the court, neither Liberty nor anyone else has yet proposed a reorganization as a solution to the bankruptcy, and he currently considers bankruptcy a more realistic option.

In June 2024, Liberty put its Ostrava plant up for sale after the local regional court initiated bankruptcy proceedings against the company. The plant has been virtually idle since non-payment of electricity bills at the end of 2023. The company hopes to find a new owner by the end of this year.

As GMK Center reported earlier, a number of parties were interested in selling Liberty Ostrava, mostly Czech companies. However, there was also talk of Indian Jindal Steel, whose delegation visited the plant in May this year.

Share
Published by
Masha Malonog
Tags: Liberty Ostrava rolled steel production
  • Global Market

Turkey increased scrap imports by 23.5% y/y in April

In April 2025, Turkish metallurgical enterprises increased imports of ferrous scrap by 23.5% compared to…

Monday June 2, 2025
  • Global Market

Carbon prices in the EU increased by 7% in May

Carbon prices in the EU in May were characterized by volatility amid fluctuations in gas…

Sunday June 1, 2025
  • Global Market

Turkey increased steel production by 7% y/y in April

In April 2025, steel enterprises in Turkey increased steel production by 7% compared to April…

Saturday May 31, 2025
  • Global Market

EU imposes final anti-dumping duties on tinplate from China

The European Commission (EC) has announced its decision to impose final anti-dumping duties on imports…

Friday May 30, 2025
  • Companies

Poland’s JSW exceeded plans for coal production and sales in Q1

Poland's Jastrzębska Spółka Węglowa (JSW), the largest coking coal producer in the EU, has announced…

Friday May 30, 2025
  • Global Market

Turkey increased steel exports by 14.4% y/y in April

In April, Turkey increased steel exports by 14.4% y/y – to 1.2 million tons. In…

Friday May 30, 2025