The main conclusions
- Liberty Steel investment in the amount of $ 70 million : the company seeks to increase production at its factory in the pen and transfer its headquarters from Dallas, creating 700 new workplaces for a full time
- Problems of financing against the background of the trial : Despite the legal obstacles, Liberty increases production with the support of BlackRock and haunts additional grants and loans
- the path to 700 000 ton power : Liberty to achieve almost complete production capacity in the coming months supported by strategic price adjustments and market restoration
The lawsuit adds wrinkles to Liberty Steel plans to attract additional $ 70 million for investment in capital costs in the factory in the periurial expenses for relocation of their headquarters from the headquarters of their headquarters Dallas, Texas, in Pororia, which is new investments in excess of the capital financing of its current extension at the factory.
Steel buyerHe said that the claim "is a blow (5: 0) is a small consideration in the overall picture (5: 1)."
"If financing (5: 2) is true and the market does not collapse after its massive acceleration (5: 3), they may be in a good position, and the bill for the workpiece (5: 4) should not be fatal, - the buyer said. Liberty continues the process of building operations at the factory due to financing previously received from investors led by BlackRock, the company's investment bank.
the industry source, familiar with the ally, the buyer said. Consumers and distributors of wires and rollers.
Liberty suspended work at her factory in Peoria in September 2024 and resumed work in March 2025 after attracting capital to resume work.
Blackrock did not answer a request for a comment.
the industry source that the industry source said that The company expects to reach the production of products closer to its capacity of 700,000 tons per year during the nextx several months.
Liberty Steel refused to comment on the lawsuit or its investment plans.
arcelormittal Long Products, based on Contrecoeur, did not immediately respond to the commentary request. Investment plan on July 29, in the testimony before a meeting of the Council of the Peoria County in its desire to receive a loan of $ 2.65 million from the district and ultimately their approval, if its resettlement plan brings an additional 700 full -time jobs.
also stated that it submits an application of $ 25 million from the ministry Illinois trade and economic capabilities.
the district was supposed to consider the issue of Liberty's loan at his meeting on August 14, but postponed this issue until January 2026.
