9,312.13 TRY BIST 100 BIST 100
5.25 CNY CNY CNY
43.91 EUR EUR EUR
38.30 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
46.74 TRY Interest Interest
66.21 USD Fossil Oil Fossil Oil
41.10 USD Silver Silver
488.00 USD Copper Copper
100.29 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,091.06 TRY Gold (gr) Gold (gr)

Liberty Galati resumes operations at its 5th furnace

Romanian company Liberty Galati has announced the restart of its 5th furnace. The furnace, which opened in mid-March, was closed on 30 September.

Liberty Galati resumes operations at its 5th furnace

The decision to restart came as a result of a strategy to close the gap with recorded energy prices in Europe by reducing costs and co-operating with the government. It was stated that it took place in difficult market conditions for European steel producers.

The company said in a statement: "The restart of the furnace is a positive development for Galati, but we continue to focus on operating costs in order to maintain our commitment to offer competitive and high-quality Romanian steel. Our focus on cost-competitive semi-finished products will improve commercial payments in the coming months by increasing mill utilisation and improving cash flow. We are currently looking for solutions to reduce the energy cost gap in co-operation with the government."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Qatar Chamber and German delegation strengthen economic cooperation

Thursday, April 24, 2025

Mining partnership between Algeria and China

Thursday, April 24, 2025

Europe in the Process of Green Transformation: Is the Steel Industry Ready for Carbon Adjustment at the Border? 

Thursday, April 24, 2025

İÇDAŞ signs tugboat agreement with maritime company Damen

Thursday, April 24, 2025

Canada launches AD investigation into steel imports from 10 countries, including Türkiye

Thursday, April 24, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now