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A Czech court prolonged the protection from bankruptcy of Liberty Steel’s mill in Ostrava on February 28, dismissing petitions by creditors for it to be lifted, Czech news agency CTK reported. The regional court in Ostrava ruled that Czechia’s largest steel mill, formerly known as Nova Hut, had developed a sufficiently worked out restructuring plan. The company wants to present it to creditors next week, which they will vote on sometime in April. Some 75% of creditors have to approve the plan. Liberty Steel owner Sanjeev Gupta appeared at the court in the morning to witness the closed hearing….

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