Liberty Galati - Latest news GMK Center

It includes refocusing on the Romanian market and optimizing production costs

Romania's key steel plant is balancing between restarting production and the risk of bankruptcy

Pig iron smelting started on June 4, and steel production is expected to start in a few days.

The newly announced deadline is May 9, but it may not be met

The company will become a key supplier of raw materials for the country's defense plants

The company believes this is the best way to stabilize the business

The only flat-rolled steel producer in the country follows the fate of other Liberty Steel assets in Europe

The company notes an increase in demand for thick and coated rolled products

The company notes an improvement in demand for thick sheet and hot-rolled coil

The shutdown of the unit took place during the Christmas holidays due to interruptions in the supply of raw materials

The total cost of the project is $2.22 million

The unit was idle for 69 days – from September 30 to December 9, 2023