09 Nov, 23

ArcelorMittal Takes Legal Action Against Liberty Steel Over Unpaid Debt

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Via Metal Miner ArcelorMittal recently obtained a freeze order from a Singaporean court against Liberty Steel. The order totals €140 million ($150 million) and relates to the prospective sale of Liberty Steel assets. According to reports, the Luxembourg-headquartered group acquired a court injunction from a Singapore court on Nov. 1. That injunction prohibits Liberty from removing any assets from the city-state up to the stipulated amount. However, GFG played down the Singapore court order, stating, “We have applied to overturn the order,…

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