Liberty Steel - Latest news GMK Center

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

The Luxembourg plant is preparing for a new owner, awaiting the resumption of production

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

The announcement of the aid comes after the plant was placed under temporary administration

Group issues statement after claims of numerous debts

Delayed salaries, a long search for an investor and lack of government support put the company's future in question

Non-payment of €140 million debt may lead to sale of assets

The Hungarian government accuses the company of non-payment of wages and delayed production resumption, threatening bankruptcy

The proposed restructuring should reduce the company's debt

The court rejected the company's appeal against the earlier bankruptcy decision

The company is seeking external administration for Liberty Steel due to commercial disputes and asset issues

The company submitted a corresponding proposal, which provides for an immediate financial infusion to repay debts and pay salaries