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Liberty Steel is looking to sell its Hayange site. Photo: Shutterstock 

Liberty Steel is reeling from the collapse of its main financial backer, Greensill, and is putting up for sale several sites to pay off creditors.

The Hayange plant, located less than 30km from Luxembourg’s border, is among them. It specialises in steel used in rail transport, such as TGV tracks.

Around a dozen offers have been received, including eight of significance, local management of the plant said. Luxembourg-based ArcelorMittal, German outfit Saarstahl, two Italian groups, including Beltrame, and Spanish steelmaker Sidenor are reportedly among the bidders.

The plant is expected to change hands in July.

The future of Liberty Steel’s Luxembourg operation in Dudelange remains unclear. Production has been reduced and labour unions LCGB and OGBL are planning a protest on 4 June.

The Dudelange site is paired with a furnace in Liège, Belgium, where Liberty Steel in May was granted temporary protection from creditors while it seeks new sources of funding.

This story was first published in French on Paperjam. It has been translated and edited for Delano.