Liberty Steel assets to merge into single global group, to adopt neutral carbon business strategy

The GFG Alliance will consolidate all of its steel businesses into one global group named Liberty Steel Group by the end of this year and align them with a strategy for carbon-neutral operations by 2030.

It claimed this will give the new group 18 million tonnes of rolled steel capacity annually, making it the eighth largest steel producer outside China, with annual sales of approximately $15 billion. The new combined Liberty Steel Group, will include Liberty House UK, Liberty Steel Continental Europe, Liberty Steel USA, Infrabuild and Liberty Primary Steel and Mining Australia, which will be organized into three divisions: Liberty Primary Steel, Liberty GreenSteel and Liberty Engineered Steel. Liberty Steel Group aims to be the world’s first carbon neutral steel company by 2030 and hopes to achieve this by building upon its GFG’s existing GREENSTEEL strategies which focuses on investing in and using electric arc furnaces (EAFs) to recycle scrap steel, rather than producing all material from scratch...

Published

Carrie Bone

October 30, 2019

12:55 GMT

London