The successful sale of the assets is an "important milestone", "but the difficult work is about to begin", the ministry said. The steelworks in Dunaújváros needs to undergo a reorganization and "significant developments" to upgrade to green production technology, it added.

The government will continue to fight for the steel mill, in the interest of protecting workplaces and families, the ministry said.

Dunaferr was ordered under liquidation in mid-December. In February, the government earmarked some HUF 16 billion to cover Dunaferr's payroll for a period of six months.