Liberty Steel Restructuring Sparks Output Uncertainty ...Middle East

Via AG Metal Miner   Liberty Steel UK (LSUK) plans to reduce steelmaking and mothball some of its UK assets as part of restructuring plans. The group instead wants to focus on high-value, alloy-steel production in order to remain competitive. “Despite the injection of £200 million ($244 million) of shareholder capital over the last two years, the production of some commodity grade products at Rotherham and downstream mills has become unviable,” Liberty announced in a statement from Jan. 12. The company went on to cite high…

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