• Review of high quality downstream assets in Benelux and Italy supplying cold rolled and specialised coated steel
• Review targeted to assess HRC supply, but includes recapitalisation and divestment options

LIBERTY Steel Group has initiated a strategic review of its Western European downstream steel operations in response to expressions of interest from multiple parties.

The review will evaluate LIBERTY’s assets in Liège (Belgium), Dudelange (Luxembourg), and Piombino (Italy) and will be facilitated by specialist global investment bankers Jefferies LLC.

The primary objective is to review options for strategic partnerships through long-term HRC feedstock supply contracts, but will also consider and co-investment and divestment options. LIBERTY confirms it welcomes interest from global entities and is willing to consider all options.

The businesses have a combined rolling capacity of more than 2.5 million tonnes per annum, making them the largest independent downstream complex in Europe’s industrial heartlands. With around 1,200 skilled workers, these well-maintained assets provide significant opportunities to penetrate strategic markets in the EU.

LIBERTY Liège and LIBERTY Dudelange specialise in the production of galvanised HRC, and also offer unique products such as tinplate for packaging and black plate as a substrate for tinplate.

LIBERTY Dudelange is also the sole European producer of ALUZINC, a highly sought after and effective corrosion-resistant steel which offers superior value compared to other options.

LIBERTY Magona in Piombino has a long heritage and a well respected prepainted PPGI brand with excellent logistics, including its own port access at the plant.

The assets represent unique opportunities in some of Europe’s most important markets and are well-positioned to benefit from key developments in the region, such as the new Carbon Border Adjustment Mechanism (CBAM) and the transition towards green steel.

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