Leading Indian steelmaker JSW Steel is considering a bid to buy Indian-origin commodities baron Sanjeev Gupta’s Liberty Steel in Britain, SteelMint learnt from latest reports. JSW’s interest extends to plants including Gupta’s Adhunik Metaliks, with a steelmaking capacity of 0.5 mn t/year in India’s Odisha. China’s Jingye Group, which owns British Steel, is also reportedly interested in acquiring Gupta’s steel business in the UK. Gupta is seeking to refinance his network of businesses worldwide after British finance firm Greensill – his chief financier – filed for insolvency in Mar ’21.
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