MECHEL
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Mechel Sells Romanian Assets For RON230
Russia’s steel giant Mechel Tuesday said it has sold its Romanian assets to local company Invest Nikarom SRL for a nominal sum of 230 lei (around EUR50).
Mechel Resumes Production At Ductil Steel Buzau
Russia’s steel giant Mechel said Wednesday it has resumed wire production at its plant in Buzau, southern Romania.
Mechel Halts Production In Romania, Ukraine Over Weak Demand
Russia’s steel giant Mechel Friday said it has decided to temporarily halt production at its steelmaking facilities in Romania and Ukraine due to weak market demand.
Mechel Targoviste 9-Month Loss Narrows To RON78M
Romanian steel maker Mechel Targoviste (COS.RO) Wednesday said its loss narrowed 12.6% to 78 million lei (EUR17.6 million) in the first nine months, from RON89.2 million a year earlier.
Mechel Resumes Production At Otelu Rosu Steel Plant
Russian steel giant Mechel on Monday said it resumed production at its Romanian plant Ductil Steel Otelu Rosu, one of the five steel plants it owns in Romania.
Mechel Campia Turzii To Lay Off 800 More Workers
Romanian steel processor Mechel Campia Turzii (INSI.RO) wants to lay off 800 more employees, union leader Ioan Pascu told Mediafax Wednesday.
Mechel’s Plants In Romania To Continue Activity, Dismissed Employees To Get Severance Pay
The activity of the five plants held in Romania by Russia’s steel giant Mechel will continue as before, despite the group’s plan to sell them, and all sacked employees will receive compensat...
Russian Mechel Plans To Sell Romanian Operations
Russia’s steel giant Mechel will sell its Romanian business as part of a larger restructuring strategy to improve financial performance and increase market value, the company said in a state...
Mechel: Production At Otelu Rosu To Be Temporarily Suspended In October
Russian mining and steel company Mechel will temporarily suspend production at its plant in Otelu Rosu, southwest Romania, the group told MEDIAFAX Friday, after Platts reported the factory's...