According to Minister of the Economy Franz Fayot, GFG Alliance and its head Sanjeev Gupta have not given any indication of a desire to sell off the plant.
Nevertheless, Fayot also stated that the government's trust in the Gupta group has significantly decreased, as the group has displayed a tendency to make big promises but not deliver on them.
The minister explained that the government is currently in negotiations with the National Credit and Investment Society (SNCI) as well as potential industrial partners, in order to be prepared "for any and all outcomes".
Fayot stressed that the government was becoming impatient regarding Liberty Steel, adding that there is market potential for "so much more".
