Trade Threat Spurs Gupta to Spend More on European Steel Plants

Tycoon’s Liberty Steel plans 400 million-euro investment
Liberty Steel CEO says will focus on higher-quality products

An employee stands beneath a vat of liquid steel at Liberty Steel's Thrybergh mill.
Photographer: Chris Ratcliffe/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Andra Timu and Irina Vilcu

August 30, 2019 at 8:13 AM UTC

This article is for subscribers only.

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

British tycoon Sanjeev Gupta’s Liberty Steel plans to weather the trade war threat to its steel business by pumping money into the European plants it recently bought from ArcelorMittal.