British Indian steel tycoon Sanjeev Gupta plans to consolidate his steelmaking and mining interests into a single company, which he says will emerge as the eighth largest in the world outside China. Liberty Steel Group will be created as a single entity comprising interests accumulated worldwide by his Gupta Family Group (GFG) Alliance entity. In July, Liberty Steel announced the completion of its acquisition of seven major steelworks and five service centres across seven European countries from Lakshmi N Mittal led ArcelorMittal. According to sources, Liberty said the EURO 740-million deal makes it one of the top 10 producers globally, excluding China, with a total rolling capacity in excess of 18 million tonnes covering a wide range of finished products.