GFG Liberty Galati steel plant

From Global Energy Monitor
This article is part of the Global Steel Plant Tracker, a project of Global Energy Monitor.
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Liberty Galati (previously known as ArcelorMittal Galati) is an integrated steel plant operating in Galati, Romania.[1]

Location

The map below shows the approximate location of the Liberty Galati steel plant.

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Background

Liberty Galati, previously owned by ArcelorMittal, was purchased by Liberty Steel in July 2019 along with six other steel plants including Liberty Ostrava.[2]

History

Formation

Integrated production began in July 1968, when all the components needed for steel-making had been set up and the first batch of steel came out at steel mill #1.[3] Activity grew at a consistent pace, and by 1972, there were over 50,000 employees in the entire works, including nearby industrial units.[3]

Since 1989

The Communist regime fell in 1989, and in 1991, the works became a joint-stock company called Sidex Galați.[4] This was acquired from the Romanian government in 2001 by a Mittal Steel Company subsidiary,[4] and its debts were forgiven.[5] When the latter took over Arcelor in 2006 to form ArcelorMittal, the plant took on the name ArcelorMittal Galați.[4] The number of employees fell from 27,600 in 2001 to 8,700 in 2011, mainly through voluntary retirements coupled with significant bonuses.[3][5] The privatization of the Galați yard was the first such successful endeavor in the Romanian steel industry, which fared especially well in 2006-2008, thanks to foreign and domestic demand for private infrastructure.[5] However, it suffered a downturn with the onset of the late-2000s financial crisis,[5] and output was 3.5 million tons a year by 2011.[3]

In 2019, the unit was purchased by Liberty Steel, a subsidiary of the GFG Alliance.[6]

Operations

Galați is Romania's largest steel works, and forms an important part of the city's economy.[5] It is also the only one not to use electric arc furnaces, instead relying on iron ore and coal to produce a special type of steel that welds more easily and is thus suitable for making sheet metal.[5] There are two processing plants; five furnaces, including two that run constantly; two steelworks, one of which always runs; three lines for constant casting; a hot rolling machine and a cold roll one; two sheet metal rollers; and a zinc plating line.[7]

A 2011 study found that two-thirds of Galați residents either worked or used to work at the plant or related factories, or had an immediate family member do so.[3] According to official records, output reached a maximum in 1988, with 8.2 million tons worth some $7.2 billion.[3] By the early 1990s, the works had caused serious air, water and soil pollution in Galați.[8] As of 2010, there were a number of waste disposal lakes behind the works, some containing cyanides, less than 2km away from the Danube.[9]

Plant Details

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 Fact Book 2018, ArcelorMittal, 2019
  2. 2.0 2.1 2.2 2.3 Liberty takes over Romanian steel plant in Galati under global deal, Romania Insider, Jul. 2, 2019
  3. 3.0 3.1 3.2 3.3 3.4 3.5 3.6 Increasing and decreasing the Galati Iron and Steel Company. It has been 45 years since Ceausescu cut the PHOTO ribbon (Romanian), Adevarul, Nov. 28, 2011, Retrieved on: Mar. 13, 2020
  4. 4.0 4.1 4.2 Company history at the ArcelorMittal site; accessed February 19, 2012
  5. 5.0 5.1 5.2 5.3 5.4 5.5 Adrian Cojocar, "Cum s-a restructurat în ultimii 20 de ani unul dintre principalii piloni ai industriei: siderurgia", Ziarul Financiar, 26 January 2011; accessed February 19, 2012
  6. Valentin Trufașu, "Liberty a cumpărat activele ArcelorMittal printr-o tranzacţie de 740 de milioane de euro", Adevărul, 1 July 2019; accessed October 14, 2019
  7. Company profile at the ArcelorMittal site; accessed February 19, 2012
  8. Robert Atkinson, The Environment in Eastern Europe: 1990, p.51. IUCN, 1991 ISBN: 2-8317-0036-1
  9. Marian Păvălașc, "La Galaţi se poate produce în orice moment un dezastru ecologic similar cu cel din Ungaria", Adevărul, 12 October 2010; accessed June 17, 2012
  10. About Liberty Galati, Liberty Galati, Retrieved on: Mar. 3, 2020
  11. 11.0 11.1 11.2 A new force in steel, Liberty Steel, 2019
  12. Liberty commits to $220 million Galati investment, Eurometal, Sep. 23, 2019, Retrieved on: Mar. 13, 2020

External resources

External articles

This page uses material from the Wikipedia page Galați steel works under the provisions of the Creative Commons Attribution-ShareAlike 3.0 Unported License.