Court postpones decision on bankruptcy of Liberty Liege

The Wallonia region is in talks with Liberty Galati about a possible loan offer
Belgium reduced steel production by 20.4% m/m in April

In January-April, Belgian steelmakers reduced steel production by 10.5% y/y
The court rejected all applications for Liberty Steel’s rolling assets in Belgium

Local unions have previously expressed support for Liberty Galati's bid
Belgium reduced steel production by 9.3% m/m in February

In January-February 2023, Belgian steelmakers reduced steel production by 1.3% y/y
Belgium increased steel production by 28.3% m/m in December 2022

In 2022, Belgian steelmakers increased steel production by 0.4% y/y
World steel producers are interested in buying the Belgian plants of Liberty Steel

India's JSW Steel, Luxembourg's ArcelorMittal and Russia's NLMK are interested in acquiring the Tilleur and Flémalle plants
Belgium’s NLMK has resumed hot rolling operations

NLMK La Louviere also restarted the cold rolling condition
The Belgian NLMK to resume operation of the hot rolling mill in January

Rolled steel production at the mill was suspended due to problems with the unit

Liberty Steel
Liberty Steel may lose control of steel mills in Belgium

A Belgian court has approved the restructuring of Sanjeev Gupta's assets in the country