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China’s Jingye mulls acquiring Liberty Steel for wider Europe reach

ABSTRACT

Jingye Group (Jingye), a privately-owned rebar maker headquartered in North China’s Hebei province, is mulling acquiring part of the assets under UK-based Liberty Steel, or the second steel project in the European country after its takeover of British steel in March 2020 in order to enhance its presence in the European market, a UK-based source that is close to Jingye shared.
Jingye and Liberty Steel are now engaged in an early-stage communication, and the deal will possibly involve Liberty Steel’s three steel plants in UK, the source shared on May 27, and “to Jingye, not only UK, but the entire Europe is a very promising market, but exporting Chinese steel will not be an option

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