US EditionSteel Plant, 200 Million Euros Cheaper. No Buyer at the First Auction
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Endless problems at the large steel plants in Romania. In Galați, the auction for the steel plant failed, after no buyer came forward. Thousands of employees have been without salaries for four months. In Azomureș it is even worse because the state and the current owners do not get along, thousands more people risk losing their jobs.
The first international auction for the Liberty Steel Galați steel plant ended without any officially submitted bids after none of the interested investors submitted the guarantee required by the sales process. The former Sidex is the only primary steel producer in Romania, and a new auction is expected to be organized in the coming weeks/months by […] The article Failure at the first auction for Sidex Galați: the sale of the plant will move to …
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