The company had an EBITDA of RON1.7 billion (EUR360 million) and a profit of RON1.36 billion (EUR276 million) in 2021, according to company officials.
Liberty Galati produced a record amount of steel products in Galati in 2021, namely, 2.4 million tons of steel, the highest quantity since 2010, while blast furnace No. 5 produced 2.1 million tons of liquid crude iron in 2021, the highest level since 1978, when it was commissioned, according to company officials.
Toral costs grew to RON8.4 billion (EUR1.7 billion) in 2021 from RON5.3 billion (EUR1 billion) in 2020, amid rising raw material and logistics costs and energy prices, with the company investing in upgrade projects and staff training, recruitment and development, company officials also said.
The company had 4987 employees in 2021. In 2019, the company had a turnover of RON5 billion, a net profit of RON28.8 million and 5000 employees, as per public data on mfinante.ro.
Liberty Steel Group is part of the GFG Alliance, a global group of companies and investments held by Sanjeev Gupta and his family. The alliance is structured on three industrial pillars – Liberty Steel Group, ALVANCE Aluminium Group and SIMEC Energy Group. GFG Alliance has 35,000 employees across 30 countries and revenue of over $20 billion.