Dunaferr - Latest Articles GMK Center
The Ukrainian company commented on the results of the bidding for the Hungarian steel plant
The company offered €55 million for the enterprise
GFG Alliance (the parent company of Liberty Steel) and Vulcan Steel are currently competing for the venture
Currently, the rolling capacities are idle, as the bidding for the steel plant continues
Three more applications were excluded for various reasons
The Hungarian company launched capacities in February-March, but this is unlikely to greatly improve investor interest in the asset
The country's government and the company's liquidator are seeking a quick sale of the asset
It is expected that customers will be able to receive products from Hungary already at the end of March
16 February 2023
The Hungarian plant uses stock raw materials to start the unit, but additional supplies are needed for the stable operation of the furnace
13 February 2023
The company could not resume steel production due to the lack of supplies of raw materials from the Romanian Liberty Galati
The other is planned to be restarted in the coming weeks
In the next six months, a working group will search for an investor