The company said in a press release the investment will also improve the quality of its finite products.
ArcelorMittal group announced earlier this year it will invest EUR40 million at its Romanian steel plant in Galati in 2015, but the number of the plant’s employees is likely to decrease by applying a new voluntary redundancy scheme.
ArcelorMittal expects the plant’s steel output to exceed 2 million tons this year, 300,000 more tons than in 2014.
ArcelorMittal Galati has around 6,500 employees.