Liberty Steel, a subsidiary of the GFG Alliance, acquired seven steel mills and five large service centers from ArcelorMittal by EUR 740 million in Continental Europe in early July, and these facilities were officially put into operation in this week.

Sanjeev Gupta, the executive chairman of Liberty, expressed that he would invest EUR 400 million in the next five years, making these newly acquired mills a major force in the global steel industry. Liberty's goal was to increase sales of these mills by 50% by 2022. The company also planned to execute GFG Alliance's Greensteel technology at these mills, including exploring opportunities to use renewable energy and reduce waste.

These facilities were now called Liberty Steel Continental Europe and managed by Jon Bolton, who was also the Chairman of the UK Steel trade association. The new pan-European organization was building a broad manufacturing supply chain that supplies materials and components to the industries in Western Europe.