- 04/05/2021
- News
An Update From LIBERTY Steel Group On Our Current Business Situation
Most of LIBERTY Steel Group’s businesses across its global portfolio are performing well and generating positive cash flows, supported by the operational improvements we’ve made and strong steel and iron ore markets. Our Primary Steel and Mining operations in Europe and Australia are booking record profits and we have adequate funding for our current needs. In light of Greensill’s collapse, we are taking prudent steps across our global portfolio to manage resources while we bridge to new financing for our businesses. We are in regular dialogue with our employees, unions, customers, suppliers, and governments to keep them informed and to explore ways we can work together through the current situation.
Latest News
View All
GFG Foundation doubles the size of its UK Student programme
Students from across South Yorkshire have the chance to participate in an innovative programme led by the GFG Foundation, providing...
View
The journey towards EU green steel
LIBERTY held a highly successful debate in Brussels on the “Future of the EU Steel Industry” with key EU decision...
View
UK steel sector – survival or renaissance?
Following years of struggle against an uncompetitive cost base, the UK steel industry is in crisis, requiring urgent restructuring to ensure...
View
LIBERTY Steel UK to forge a viable way forward for its businesses and workforce
In the face of the UK steel industry’s severe competitiveness issues LIBERTY Steel UK (LSUK) is to implement the next...
View