Saarstahl and its parent company Stahl-Holding-Saar (SHS) confirm that they have obtained an agreement in principle from Liberty Steel France Holding.
This is another important step that paves the way for SHS to take over the two steel plants, Liberty Ascoval and Liberty Rail Hayange.
Saarstahl and the SHS group are fully mobilised alongside all parties and the Ascoval and Hayange teams so as to achieve a final agreement by the end of summer 2021.
With the broad support of the parties concerned and the official representatives SHS and Saarstahl have proposed an industrial concept for the Ascoval and Hayange plants that ensures the economic and social security and further development of the two French sites.
"Our project aims to integrate a new rail market into Saarstahl's commercial and industrial strategy, to diversify our portfolio (electric arc furnace blooms and rails) and to access a new production technology (electric arc furnace). This project is fully aligned with the strategy of our Saarland Group, both in terms of strengthening competitiveness and structural transformation," said Dr. Karl-Ulrich Köhler, Chairman of Saarstahl's Management Board.
At the end of the integration, Hayange would be a key asset for Saarstahl, contributing to the European strategy for the ecological transition of mobility. Saarstahl aims to produce high quality infrastructure materials, which are essential for the development of sustainable solutions.
Ascoval will be the pivotal point of Saarstahl's green steel production—thanks to the circular economy with steel produced from secondary raw materials (recycled steel) on the one hand, and the electric arc furnace technology on the other.
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