Czech-based Liberty Ostrava’s quarterly production rose by 80pc in Q2 2021 against the same quarter in 2020 at 600,000mt total or a monthly production in line at 200,000mt. The company shipped 600,000mt of steel products in Q2 2021 period and maintained the highest monthly production since 2008.
Liberty Ostrava forecasts the Q2 2021 EBITDA higher than the CZK1.6bn or €60 million ($71mn) in Q1 2021.
The plant invested in flexible technology that allows product mix flexibility between longs and flats depending on market conditions. The ability to focus on slabs and hot-rolled coils (HRC) allowed the company to reap strong returns from the flats market’s high prices in H1 2021.
GFG Alliance acquired the company in July 2019. In early July, Aleksandr Ivanov, previously chief operating officer at ArcelorMittal’s Kryvyi Rih was appointed the executive director at Ostrava.
($1=€0.8453)