The share capital of steelmaker Liberty Galati was increased by RON730 million by incorporating a EUR145 million debt held by the company's majority shareholder Liberty Holdco Galati & Skopje Limited.
Liberty Galati announced on Tuesday (Feb 21) that it would restart Blast Furnace No. 5 in mid-March 2023 against the backdrop of market recovery in Europe supported by improvements in input costs and pricing.
LIBERTY Galati will be starting a RON18.3 million care and maintenance program for Blast Furnace No 5 this week.
Steel mill Liberty Galati (former Sidex Galati) on Thursday said Romanian authorities have issued the environmental permit for the closure of the steelwork’s slag dump and the reinforcement of its right bank, in order to protect the Malina watercourse.
Liberty Steel Group, part of Sanjeev Gupta’s GFG Alliance, announced Wednesday it would appoint Prasanta Mishra as the interim General Manager of its Liberty Galati plant in Romania.