Liberty Galați, a major Romanian steelworks, has failed to secure a buyer after a second auction concluded without any concrete offers. The starting price was reduced significantly from €709 million to €463 million, yet failed to attract interest. Administrators have issued a crisis letter to the plant’s 2,500 employees regarding the situation. This follows a previous unsuccessful auction, deepening concerns about the future of the steel plant and its workforce. The lack of bids raises questions about the viability of the facility and potential restructuring. The company is now facing increased uncertainty as it seeks alternative solutions to avoid closure and job losses. The future of the plant and its employees remains unclear as administrators assess next steps.