14
Aug
08:11
Liberty eyes rail growth after Hayange/Ascoval takeover approval
Liberty Steel will incorporate the Ascoval steelworks and Hayange rail mill into an integrated French rail business, and seek to grow rail sales across Europe and other markets. This follows French government approval on Friday of Liberty’s acquisition of the French steel assets.
The fast-growing steelmaker has committed to providing an initial €65m ($77m) in new financing for Hayange and Ascoval to enact its industrial plan.
Besides the necessary inve…
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Anonymous
Very good overview of the weekly steel market.
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