Saarstahl to acquire two steel plants in France from Liberty Steel.

Saarstahl, a Germany-based steelmaker, offered to acquire two steel plants in France from Liberty Steel, a fully integrated steel and mining business. Financial terms were not disclosed. The acquisition includes two steel plants Liberty Ascoval in Saint-Saulve and Liberty Rail Hayange. "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," Karl-Ulrich Köhler, Saarstahl Chairman of Management Board.