Liberty Steel could have access to books of Thyssenkrupp soon

Thursday, 26 November 2020 12:28:47 (GMT+3)   |   Istanbul
       

UK-based Liberty Steel Group, part of the GFG Alliance, could have access to the books of the German-based Thyssenkrupp’s steel unit early December, according to Reuters.

As SSAB and Tata Steel who were said to be interested in ThyssenKrupp’s steel unit earlier are now in talks for a possible sale of Tata Steel assets to SSAB, Liberty Steel could remain as the only bidder for the distressed Thyssenkrupp. The company aims to make a decision regarding its steel unit by March. The acquisition will enable Liberty Steel to reduce its dependence on three million mt of slab and HRC for feedstock each year, SteelOrbis understands.


Similar articles

Slab offers rise sharply in Turkey, leaving only a few origins in focus

23 Nov | Flats and Slab

Turkey shows interest in import slab, books cargoes from Malaysia

14 Nov | Flats and Slab

Turkey prefers own slabs over most import options, bids much lower for Russian origin

13 Sep | Flats and Slab

Malaysia’s Eastern Steel works on installing new BF, HRC production to start in H2

09 Mar | Steel News

Slab prices in Asia move up, China and Russia most competitive

01 Mar | Flats and Slab

Russia raises local flat prices, evaluates export opportunities for HRC and slab

09 Feb | Flats and Slab

Energy prices become key factor in European metallurgical market in 2022

03 Feb | Steel News

Slab prices in Asia keep rising amid positive outlook in flats post-holidays

18 Jan | Flats and Slab

Slab prices in Asia on the rise, sustainability questionable

19 Dec | Flats and Slab

Import HRC and slab currently in demand in Turkey

09 Dec | Flats and Slab