The plant, which is the leader of the local steel industry and one of the largest exporters in the country’s economy, ended its eighth year in the red. The company posted RON4.4 billion losses in 2009-2016, according to ZF’s calculations. ArcelorMittal Galati last made profit in 2008, RON604 million.
ArcelorMittal Galati officials did not comment on last year’s financial results.
(English version by Loredana Fratila-Cristescu)