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.
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