Three bids for Belgian Liberty Steel mills

The first stage of bidding for the sale of Liberty Steel's rolling mills in Liege (Belgium) has been completed.

Liberty Steel's Belgian assets include two hot dip galvanizing coil lines at Flemal and a packaging steel line at Tiller. The enterprises are capable of producing up to 1 million tons of hot-dip galvanized coils and 200,000 tons of packaging steel products per year. Liberty Steel acquired these assets from ArcelorMittal in 2019.

ArcelorMittal and Marcegaglia have shown interest primarily in Liberty Liege Flemalle's hot-dip galvanizing lines, while Liberty Steel wants the entire division, including Liberty Liege Tilleur.

In December 2022, a court in Liège appointed an interim administrator and legal representative for Liberty Liege to expedite the sale of the Flemalle and Tilleur factories. In addition, Liberty Steel controls a steel plant with hot dip galvanizing lines in Luxembourg. The enterprise temporarily does not work, but officially is not on sale.

Earlier, the Belgian court agreed on the restructuring of Liberty Steel's assets in the country, which was the beginning of their possible sale. As part of the process to protect the business from creditors, the assets will be put up for sale in whole or in part as part of a lawsuit until the end of April 2023.