STEEL SUCCESS STRATEGIES: Mergers not out of question, GFG exec says

GFG Alliance, the parent of Liberty Steel USA, is open to possible mergers, a top company executive told attendees during a keynote presentation at the Steel Success Strategies XXXIV conference in New York on Tuesday June 18.

“We have no mergers planned at the moment, but I never say never... We are open to every type of evolution,” GFG executive chairman and chief executive officer Sanjeev Gupta said.  “I believe in change and evolution as a necessity,” he added.  London-based GFG’s openness should not come as a surprise to steel market participants in the United States, where its Liberty Steel USA subsidiary has been drawing attention in recent...

Published

Patrick Fitzgerald

June 18, 2019

22:30 GMT

New York