Four prospective bidders for Liberty Steel's Romanian subsidiary

The Liberty Galați steel mill in Romania received four offers, two from German Steel Mont and a company from Turkey for tolling (processing raw materials), and the other two for asset takeover, according to Ziarul Financiar.

"We are in discussions. Four offers have been submitted. Two for tolling, from Steel Mont and a company from Turkey, which want to bring the raw material, finance the processing, and sell the finished product. It is a temporary, palliative solution. Two other offers are for taking over the assets [and come] from local investors [from local businessman Dorinel Umbrărescu], and from a company from Ukraine," Remus Borza, president of Euro Insol, the bankruptcy administrator, along with Sierra Quadrant, told Ziarul Financiar.