Saarstahl Bids for Liberty Ascoval Liberty Rail Hayange in France
German steel maker Saarstahl confirmed that it has bid to Liberty Steel Group for the acquisition of its two steel plants Liberty Ascoval in Saint Saulve in Nord and Liberty Rail Hayange in Hayange in Moselle in France. It said that bid supports an industrial project for the future of the two plants, but also for an enduring development of industrial activities in the Nord and Moselle regions. Saarstahl's Management Board Chairman Dr Karl Ulrich Köhler said "Our project aims to integrate a new rail market into Saarstahl's commercial and industrial strategy, to diversify our portfolio (electric arc furnace blooms and rails) and to access a new production technology (electric arc furnace). This project is fully aligned with the strategy of our Saarland Group, both in terms of strengthening competitiveness and structural transformation.”
In the face of international competition in the steel market, Saarstahl is offering a permanent acquisition of the Ascoval and Hayange plants based on
A strong geographical and industrial integration of Hayange and Ascoval into the production network of the current plants of the Group
The solid economic, social and technical fundamentals of Saarstahl and the SHS Group
The coherence of this project with the mission of the Montan-Stiftung-Saar trust, the majority shareholder of SHS
The culture of social dialogue derived from the German model of co-management
At the end of the integration, Hayange would be a key asset for Saarstahl, contributing to the European strategy for the ecological transition of mobility. Saarstahl aims to produce high quality infrastructure materials, which are essential for the development of sustainable solutions. Ascoval will be the pivotal point of Saarstahl's green steel production, thanks to the circular economy with steel produced from secondary raw materials (recycled steel) on the one hand, and the electric arc furnace technology on the other.
Saarstahl is a Saarland-based steel company belonging to the SHS, Stahl-Holding-Saar Group, to which its sister company Dillinger also belongs. The history of Saarstahl begins at the end of the 16th century in Neunkirchen. Together, SHS and Saarstahl are the majority shareholders of the Dillinger company, which was founded in 1685 on a concession from King Louis XIV. The SHS Group, Saarstahl's parent company, is wholly owned by the private industrial trust Montan-Stiftung-Saar, a private industrial trust whose aim is to strengthen and safeguard the two major steel companies on the Saar. The Saarstahl Group, based in Völklingen, specializes in the production of high-quality wire rod, bars, semi-finished products and forged products.