Hungary’s biggest steel producer in trouble restarts rolling mills

Liberty Dunaújváros, Hungary’s biggest steelmaker which is in the process of turning around its business, has restarted its rolling mills, including its hot dip galvanised line.

This is the first stage of a 100 day programme to increase operating efficiency in preparation for an expected market upturn, Liberty Steel Group, which acquired the business in October, said on Monday.

During the restructuring process, Liberty Dunaújváros is retaining its staff and paying salaries as normal. Retraining courses in the first half of the year will prepare employees to man a 150-tonne electric arc furnace on order from China’s CISDI Engineering Company, which is expected to cut carbon emissions by around 80 percent and allow for flexibility in charge materials.

As we wrote in November, Liberty Steel has submitted the winning offer in a procedure to sell the assets of troubled Hungarian peer Dunaferr which went under liquidation, details HERE.