Liberty Dunaújváros Restarts Rolling Mills
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Liberty Dunaújváros, Hungary's biggest steel maker, has restarted its rolling mills, including its hot dip galvanized line, Liberty Steel Group, which acquired the business in October 2023, said earlier this week, according to autopro.hu.
Liberty said the mills will focus on an initial campaign for specific customers before ramping up further in Q2. The restart is the first stage of a 100-day program at Liberty Dunaújváros that will enable the company to operate more efficiently in preparation for the expected market upturn, parallel with an expansion of volume.
The optimization program includes reducing unjustified operating costs, resulting in the use of fewer external services. An optimal product mix is being developed to match expected market demand.
During the restructuring process, Libert y Dunaújváros will retain its staff and pay salaries as normal. It expects to start retraining courses in the first half of the year to prepare employees for the operation of its proposed electric furnace.
Under an agreement signed last fall, Liberty Dunaújváros will get a 150-tonne capacity electric arc furnace from China's Cisdi Engineering Company, reducing carbon emissions by around 80% and allowing for flexibility in charge materials.
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