11
Oct
14:00
Liberty secures funding for Rotherham restart in October
GFG Alliance will inject £50 million ($68m) of new funding into Liberty Steel UK (LSUK) to enable the restart of the UK unit’s core Rotherham electric arc furnace. Production ramp-up will begin this month, with a view to reaching a 50,000 tonnes/month rate “as soon as possible”, a GFG spokesperson tells Kallanish.
The move sets the foundation for LSUK’s longer-term refinancing and expansion of Rotherham’s capacity to create a 2 …
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