Liberty Ostrava - Latest news GMK Center

The key project is preparation for the construction of an EAF

The company plans to modernize the enterprise and transition to more environmentally friendly steel production

The company plans to invest and raise salaries, but at the same time is preparing for layoffs and changes in production

The consortium consists of SPV NH Ostrava and SPV NH Koksovna

The company has now restarted the blast furnace in Galati and is making a last-ditch effort to save its UK assets

The sale has been approved by the creditors' committee and the tender will be held in two stages

The production of flat products is financed by Vútkovice Machinery Tradé through a tolling scheme

Currently, the company works according to the tolling scheme

In May, according to sources, representatives of the Indian Jindal Steel visited the steel plant

The company is withdrawing the restructuring plan, as its execution is hindered by the weak steel market in Europe and other factors

The unit will resume operation this year if an agreement is reached with Tameh, or on January 1, 2025, if no agreement is reached.

The Czech steelmaker is also considering an alternative to start blast furnace №3