Thanks to a loan received from the government, the Romanian company liberty Galati plans to restart its blast furnace after the Easter holidays.
The plant was closed for maintenance and remained closed due to poor market conditions since the beginning of last summer.
"Together with a strong and dedicated team of steelworkers, we are preparing to resume production operations, which is a real challenge as the steel industry is facing the most challenging market conditions I have encountered in my entire career, comparable to the financial crisis of 2008 and the steel industry crisis of 2015. However, we know how important Romanian steel is to the national economy and to the people of Galac, so we are working hard to meet the steel needs of Romania's strategic industries. I am confident that with the support of the team, we will resume primary production after Easter, April 22," said Cornel Moisescu, head of primary production at LIBERTY Gala.
In addition, according to sources, liberty Galati began collecting orders for rolled products for production in May. However, most buyers are hesitant to make a purchase due to the uncertainty that has persisted for several months.
