Romanian steel producer Liberty Galati, a subsidiary of UK-based steelmaker Liberty Steel Group, has announced that it will restart its blast furnace No. 5 in the coming days due to strong orders received for plate and coated products. The furnace was idled at the end of May this year. The Romania government will work with the company to identify solutions to support the restart of the blast furnace.
“With the restart of blast furnace No. 5 we plan to build momentum for the market recovery we all hope to see in Europe,” Ajay Aggarwal, Liberty Galati’s chairman, said.
A meeting in Bucharest yesterday, July 24, attended by Sanjeev Gupta, executive chairman of Liberty Steel Group, and Marian Neacsu, deputy prime minister of Romania, covered Galati’s imminent restart plans to serve local customers in infrastructure and shipbuilding, and Liberty’s plans for investment in green steel in Romania. The company requested government support relating to the allocation of carbon certificates and the existing incentives for energy-intensive consumers.