Romanian steelmaker and pipe mill Liberty Galati is being offered for sale through a new public tender following the approval of amendments to the court-backed restructuring plans, with the tender scheduled for 19 June, administrators Euro Insol and CITR confirm in a notice sent to Kallanish.
The integrated steelworks and pipe production assets will be offered at a reduced starting price of €463 million ($531m), excluding VAT.
The plant is Romania’s largest integrated steel producer, with annual steelmaking capacity of up to 3 million tonnes, located on a 1,600-hectare site in Galați. It has a private Danube River port with dedicated loading and unloading berths, rail links to the European railway network, heavy-duty road infrastructure and proximity to Constanța port, providing Black Sea access.
According to the presentation distributed by the administrators, the steelworks package includes three sintering machines, of which two are operational, two blast furnaces, with one operational, a steel shop with three continuous casting machines, and two quarto heavy plate mills, one of which is operational, with 2.2m t/y capacity and thickness range of 6-200mm.
The package also includes hot rolling facilities comprising a tandem mill with 1.8m t/y capacity and 100,000 t/y cut-to-length capacity, cold rolling capacity of 750,000 t/y, an 850,000 t/y pickling line, 225,000 t/y galvanizing line and 80,000 t/y organic coating line, as well as the coke-chemical plant, slag heap, captive utilities infrastructure, land and buildings.
The adjacent pipe factory has a 50,000 t/y capacity for longitudinal submerged arc welded (LSAW) pipe with diameters of 508-1,422mm and wall thicknesses of 6.35-25.4mm, supported by 3LPE/3LPP coating capabilities. The facility primarily uses heavy plate supplied from the captive LTG2 heavy plate mill, with alternative sourcing available from European and non-EU rolling mills.
Participation in the tender requires the purchase of official tender documentation containing detailed participation rules and full asset information, while site visits can be arranged upon request.
The steelworks was originally constructed between 1960 and 1966, while first steel production started in 1968. The plant reached peak output of 8.2mt in 1988 before being privatised under Mittal Steel in 2001, transferred to ArcelorMittal in 2006, and later acquired by Liberty Steel Group in 2019.
