[ Creditors Prepare Direct Sale of Liberty Galati for €182 Million ]

Published: Oct 07, 2026 13:52 (GMT+8)

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Creditors managing the financially distressed Liberty Galati steelworks in Romania established a significantly reduced starting price of €182 million for the facility's direct sale in early October 2026. The aggressive downward revision of the liquidation value reflects mounting urgency to secure a new owner after multiple higher-priced auctions failed and rolling mill restarts were continually delayed. The successful transaction is critical for restoring the plant's production of heavy plates and hot-rolled coils without relying on external raw material financing. [SMM Iron Ore]

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