Liberty Ostrava's Insolvency Raises Concerns for European Steel Industry

Via Metal Miner   Liberty Steel Ostrava, a 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. “Since December, Liberty has explored every possible option to support and…