Negotiations to acquire Liberty Steel’s Dudelange facility in Luxembourg are ongoing, Tosyali Holding CEO Fuat Tosyali said in a video interview with local media published April 17.
A Tosyali executive previously confirmed to Platts, part of S&P Global Commodity Insights, that the company had submitted a purchase bid for the facility.
Tosyali had started new strategic acquisition negotiations in the European steel sector following the acquisition of Spain’s Baika Steel Tubular Systems in 2024, Tosyali said, adding that negotiations for the Liberty facility have been continuing intensively and were hoped to be finalized soon.
“Although liquid steel production in Europe has fallen in recent years, steel demand continues,” Tosyali said, adding the company was aiming to meet European steel demand more easily with these strategic acquisitions.
“With our touch, all the parameters will change in the Luxembourg facility,” he said.
Platts contacted Liberty on the matter, although the company declined to comment.
Liberty Dudelange, which was declared bankrupt by the Luxembourg Commercial Tribunal in December, has two hot-dip galvanizing lines with a total capacity of 620,000 mt/year, two electro galvanizing lines with a total capacity of 360,000 mt/year and a steel service center.
Platts last assessed the Turkish HDG price at $790/mt ex-works on April 11, stable week over week.
