LIBERTY Galați restarts production operations by activating Furnace No. 5, a significant step in the company’s plans to continue its activity as a strategic pillar of the national economy and the local community.
Radu Ionescu, General Manager of LIBERTY Galați, stated: “LIBERTY Galați is the main steel producer in Romania, with a major impact on the economy of our country. With the restart of Furnace No. 5 and the resumption of rolling mill activity, we will provide customers with quality Romanian steel, the development of strategic sectors and a significant number of jobs in the vertical economy, with the support of Exim Banca Românească and national and local authorities. We thank our government partners and experts EuroInsol and Sierra Quadrant who support LIBERTY Galați to continue its activity as a strategic pillar of the Romanian economy and the community of Galați.”
In the current geopolitical context, steel demand is starting to stabilize, supported by the European Union’s trade measures, strategic support and the CBAM regime. It is estimated that the new quotas imposed by the EU to restrict imports, as well as the upcoming reconstruction of Ukraine, will positively influence steel demand, including for quality products manufactured in Galati, and the European Union’s focus on the defense industry and other key industries will stimulate steel demand and its price in the medium and long term.
