Products manufactured on the new line will be destined mostly for the domestic market, currently dominated by imports.
The new line will make steel elements used on metallic roofing, drainage systems or paneling.
ArcelorMittal Galati currently has 5,975 employees, compared with around 27,600 employees back in 2001, when the company was privatized. Also following privatization, its output dropped to below 2 million tons of steel a year from a previous output of more than 5 million tons.
Starting 2008, ArcelorMittal group closed more than half of the steel mill’s production lines.
ArcelorMittal Galati had a turnover of around RON3.5 billion (EUR786 million) in 2016, down nearly 8% on the year, and posted losses of RON271 million (EUR60 million), 9% lower than in 2015, according to finance ministry data.