Industrials

Liberty Steel makes non-binding offer for Thyssenkrupp steel unit

Key Points
  • Privately-held Liberty Steel has made a non-binding offer for the steel unit of German conglomerate Thyssenkrupp, the group said on Friday.
  • No financial details were disclosed.
A view of the storage area of galvanized coiled steel following manufacture at ThyssenKrupp steelworks on January 17, 2018 in Duisburg, Germany.
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Privately-held Liberty Steel has made a non-binding offer for the steel unit of German conglomerate Thyssenkrupp, the group said on Friday.

"Liberty Steel is convinced that a combination with Thyssenkrupp Steel Europe can be the right answer from an economic, social, and environmental perspective," the group said in a statement.

No financial details were disclosed.