International Steel Mills
July 12, 2019
Liberty Steel Aims to be “Global Contender”
Written by Sandy Williams
Liberty Steel is continuing its rapid expansion with completion of the €740 million ($833 million) acquisition of ArcelorMittal’s European assets. The company, owned by Sanjeev Gupta’s GFG Alliances, has been on a worldwide buying spree, including a June purchase of former Bethlehem Steel property Johnston Wire Technologies.
The ArcelorMittal assets include ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia), ArcelorMittal Piombino (Italy), ArcelorMittal Dudelange (Luxembourg) and several finishing lines at ArcelorMittal Liège (Belgium). The European steel mills have a combined rolling capacity of more than 10 million metric tons per year and employ more than 14,000 people.
