Liberty Steel Wins Dunaferr Acquisition Bid ...Middle East

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Liberty Steel Wins Dunaferr Acquisition Bid
Via AG Metal Miner Liberty Steel recently won a bid to take over Hungary’s Dunaferr. According to Hungary’s Ministry of Economic Development, a local court put the integrated flats producer into liquidation in late 2022. Liberty will pay €55 million ($61 million) for the Dunaferr plant, beating out India’s Vulcan Steel, Ukrainian group Metinvest, Swiss-based Trasteel Trading, and local company Trinec Property. In its July 11th statement, the Ministry stated that Liberty originally submitted its bid on July 7. However, the…

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