GCC steel and industrial investors may find a strategic acquisition opportunity in Europe as Romania’s Liberty Galati steel plant and Liberty Tubular Products Galati pipe mill return to the market following court approval of an amended asset sale plan.
The auction is scheduled for June 19, with a court-approved minimum price of EUR 463 mln (USD 537 mln). Market insiders expect interest from international buyers, including GCC-based companies seeking to expand their industrial footprint and secure access to the European steel market.
Liberty Galati is Romania’s only integrated steel producer and one of the largest steelmaking assets in Southeast Europe. The complex covers around 1,600 hectares and benefits from direct access to both the Danube River and the Black Sea, offering strong logistics links to regional and global markets.
The facility has an annual steelmaking capacity of up to 3 mln tons and supplies customers in the construction, automotive, shipbuilding, energy and defense sectors. The sale package also includes Liberty Tubular Products Galati, a producer of steel pipes and tubular products.
For GCC investors, ownership of an EU-based steelmaking asset could provide a strategic advantage as the European Union continues to tighten steel import regulations, strengthen trade protection measures and impose stricter traceability requirements on imported steel products.
The sale process is being conducted by restructuring specialists CITR and Euro Insol as part of Liberty Galati’s court-approved restructuring proceedings.
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