Steel Mills
December 5, 2018
GFG’s Liberty Steel Strengthens Foothold in the U.S.
Written by Tim Triplett
GFG Alliance’s purchase of Keystone Consolidated Industries this week was the latest move by British industrialist Sanjeev Gupta to become a leading producer of both long and flat steel products in the United States.
GFG Alliance has been buying up steel, aluminum and energy assets around the world. On Monday, its Liberty Steel USA division announced the purchase of Keystone Consolidated Industries (KCI) from Contran Corp. in a $320 million deal expected to close by the end of this year.
