British-based GFG Alliance, which includes global industrial and metals group Liberty House plus the resources and energy group SIMEC, has stepped up its North American expansion programme with a consortium bid to acquire all the assets of Mesabi Metallics Company LLC – formerly known as Essar Steel Minnesota LLC - and ESML Holding Inc.
Global industrial and metals group, Liberty House, has reached an agreement in principle with ArcelorMittal to purchase Georgetown Steelworks in S.C., including its 600,000-ton a year electric arc furnace and 750,000-ton a year rod mill.
Senior international metals and mining executive Michael Morley, who has led multi-million dollar transformation programmes in the industry worldwide over the past 20 years, has been appointed to spearhead a drive by the GFG Alliance into the Australian market.
The UK Government minister, who was responsible for navigating through the steel crisis of 2015-16, is set to play a new role in forging a sustainable future for the industry.
Liberty House Group has launched its new Speciality Steels business and appointed some of the most prominent international metals industry figures to lead the operation.