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High Energy Prices Weigh On European Steelmakers

Liberty Steel Ostrava's workers did not return to work as expected, amidst ongoing financial struggles and energy supply issues, reflecting broader challenges in the European steel industry.

Czech-republic , Romania , Singapore , Ilva , Romania-general- , Italy , Poland , Italian , Romanian , Polish , Czech , Liberty-ostrava

Port Talbot decision can spur UK EAF development

The UK’s nascent electric arc furnace (EAF) steelmaking sector can build on existing capability and research and learn from the US, according to UK Steel, following last week’s confirmation that Port Talbot will close two blast furnaces and switch to EAF.

Egypt , United-kingdom , Port-talbot , Neath-port-talbot , Bangladesh , India , Pakistan , Texas , United-states , Turkey , British , Sheffield-forgemasters

Cooperation on the Horizon between Audi Győr and Steel Giant Liberty

The management of the steel giant Liberty Dunaújváros (central Hungary) discussed future cooperation with representatives of Audi Hungaria on Thursday.

Hungary , Ukraine , India , Russia , Ukrainian , Russian , Sanjeev-gupta , Ajay-aggarwal , Liberty-duna , Audi-hungaria , European-union , Energy-group

Former head of bank with links to Greensill Capital fined by UK financial regulator

CEO of Wyelands Bank, part of steel magnate Sanjeev Gupta’s empire, committed ‘serious’ rule breaches

Chepstow , Monmouthshire , United-kingdom , Dubai , Dubayy , United-arab-emirates , Sanjeev-gupta , Iain-mark-hunter , David-cameron , Sam-woods , Prudential-regulation-authority , Wyelands-bank

Hungary: Liberty Dunaújváros' Revival: Restarting Steel Mills

Synopsis:Amidst a turnaround effort, Hungary’s major steel producer, Liberty Dunaújváros, initiates operations of its rolling mills, signaling the first phase o

Hungary , Hungarian , Liberty-duna , Liberty-steel-group , Engineering-company , Daily-news , Steel-group , Liberty-steel , Liberty-dunaújváros ,

Czechia: Liberty Ostrava's Production Pause Persists

Synopsis:Amid a conflict with its energy supplier, Liberty Ostrava's 6,000 workers prolong their absence, delaying steel production. The halt, initially set to

Czech-republic , Czech , Sanjeev-gupta , Liberty-ostrava , Reuters , Liberty-steel ,

The Country's Largest Steel Producer Restarts Its Rolling Mills

Liberty Dunaújváros, the country's largest steel producer, has restarted its rolling mills and galvanizing line for galvanized sheet.

Ukraine , India , Hungary , Russia , Ukrainian , Russian , Ajay-aggarwal , Liberty-duna , Liberty-steel-group , European-union , European-president , Liberty-steel

Liberty Ostrava's Czech steel workers remain at home amid energy supply feud

Most of Czech steel maker Liberty Ostrava's 6,000 workers will remain at home for at least a week longer than previously planned with production idled amid a dispute with its on-site energy...

Czech-republic , Czech , Kirsten-donovan , Sanjeev-gupta , Liberty-ostrava , Jan-lopatka , Liberty-steel , Markets ,

Czech court declares moratorium on Liberty Ostrava's debt

A Czech court declared an overall moratorium on the debts of Liberty Ostrava on Thursday, a court document showed, as the country's main steelmaker idled production and prepared a recovery plan...
-December 21, 2023 at 10:27 am EST
- MarketScreener

Czech-republic , Czech , Jan-lopatka , Liberty-ostrava , Kirsten-donovan , Sanjeev-gupta , Liberty-steel , Markets ,

Czech minister calls on Liberty Ostrava steel owners to return cash to firm

The Czech industry minister on Wednesday called on the owners of steel maker Liberty Ostrava to return money lent to related parties to the firm. ...
-December 20, 2023 at 02:25 pm EST
- MarketScreener

Czech-republic , Czech , Liberty-ostrava , Sanjeev-gupta , Kirsten-donovan , Jan-lopatka , Liberty-steel-group , Liberty-steel , Trade-minister-jozef-sikela , Markets ,