Posted on 05 Jun 2024
Liberty Steel's Galati steel mill in Romania once again suspended operations at its blast furnace due to challenging market conditions. The furnace, Liberty's only blast furnace in Europe, had been reopened in the middle of February following a EUR 150 million loan guarantee from Exim Banca Romaneasca.
A company spokesperson stated that the furnace will undergo a temporary hot downtime while processing plants continue operating using slab stocks to ensure stable production. The furnace has faced intermittent operations over the past year due to financial challenges and issues such as low water levels in the Danube and raw material shortages.
Source:Yieh
