The Libery Galati Iron and Steel Plant will produce steel using electric arc furnaces

The Libery-Galati Iron and Steel Plant, owned by the Liberty Steel Group, will produce steel using electric arc furnaces. A series of equipment from South Korea to be transferred to the Galati platform.

On November 25, 2022, the Liberty Steel Group announced the signing of an agreement for the acquisition of the Dongbu steel platform and related equipment from the South Korean steel company KG Steel. Steel producer Liberty has operations in Great Britain, Europe, USA, Australia and Asia.

The Dongbu steel platform in Dangjin, South Korea, consists of:

– two modern furnaces with electric arc, Consteel, of 160 tons;

– two casting machines for thin slabs with a single wire, vertically curved;

– a hot strip rolling machine.

Following this acquisition, the plant in Galati will switch from the production of steel in the furnace to the production with the help of electric arc furnaces.

Extremely efficient and with a significantly reduced level of emissions, the electric arc furnace uses scrap metal as raw material. At the same time, by eliminating some technological stages specific to classic furnaces, carbon emissions will be considerably reduced.

FINANCIAL YEAR 2021 FOR LIBERY-GALATI IRON AND STEEL PLANT

The Liberty Group acquired the Galati plant, on the verge of survival, in July 2019. The group’s declared objective is to transform the plant into the most important regional producer of green steel. It is a commitment that spans 10 years and involves investments of 1 billion euros.

The Liberty Galati Iron and Steel Plant reported record financial results in 2021. Respectively, a gross profit of over 1.5 billion lei, according to the data centralized by the Ministry of Finance. This result was obtained with a turnover of over 9.37 billion RON.

„Last year’s record production is an important step in our mission to obtain not only higher volumes, but also quality steel, with a reduced carbon footprint (…) We continue our efforts to increase the production level up to 3 million tons annually, and after the implementation of the Greensteel transformation plans, we aim to reach a more ambitious level of 4 million tons”, declares Prasanta Mishra, Executive Director of Liberty Galati.

LIBERTY Galati is the largest integrated steelworks in Romania. It has approximately 7,000 employees. The combined company serves clients in the fields of construction, marine, oil, gas and renewable energy.

The Siderurgic Plant from Galati produces a wide range of flat products (thick sheet, rolls, galvanized sheet and organic coated sheet), as well as longitudinally welded tubular products.