Liberty Steel to take over Dunaferr assets
The successful sale of the assets is an “important milestone”, “but the difficult work is about to begin”, the ministry said. The steel works in Dunaujvaros, in central Hungary, needs to undergo a reorganisation and “significant developments” to upgrade to green production technology, it added.
The government will continue to fight for the steel mill to protect jobs and families, the ministry said.
Dunaferr was ordered under liquidation in mid-December. In February, the government earmarked some 16 billion forints (EUR 41.8m) to cover Dunaferr’s payroll for a period of six months.