ArcelorMittal did post higher revenue last year, though, after having made 2 million tons of steel, more than the 1.6 million tons a year in 2009-2014. Revenue stood at RON3.8 billion in 2015, up almost 6% on 2014.
The company had almost 6,400 employees at the end of last year, 350 fewer than in 2014. At the time of privatization in 2001, the steel mill employed 27,000 people.
The former Sidex was privatized in 2001 when Mittal Steel, now ArcelorMittal, paid $70.7 million for 92.12% in the plant. (EUR1=RON4.5146)