Belgium

The funds are intended for the partial decarbonization of steel production in Ghent

The Wallonia region is in talks with Liberty Galati about a possible loan offer

In January-April, Belgian steelmakers reduced steel production by 10.5% y/y

Local unions have previously expressed support for Liberty Galati's bid

In January-February 2023, Belgian steelmakers reduced steel production by 1.3% y/y

In 2022, Belgian steelmakers increased steel production by 0.4% y/y

India's JSW Steel, Luxembourg's ArcelorMittal and Russia's NLMK are interested in acquiring the Tilleur and Flémalle plants

NLMK La Louviere also restarted the cold rolling condition

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

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