- Liberty Steel Ostrava, a Czech steel plant owned by GFG Alliance, has been declared insolvent and is seeking a buyer.
- The company's financial woes include debts of approximately €1 million per day and uncertainty over carbon emissions allocations.
- Several potential buyers have expressed interest, including T?inecké železárny and Jindal Steel.
steel manufacturing plant in the Czech Republic, recently entered an insolvency process. This comes after its parent company, GFG Alliance, put the plant up for sale and filed for judicial reorganization in mid-June.
A source within GFG Alliance told MetalMiner that a regional court in Ostrava, which lies in the eastern Czech Republic’s Moravian-Silesian Region, officially declared the plant insolvent on June 21. Have Had Strange Pets