MECHEL
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Mechel Suspends Production At Two Romanian Plants Over Bad Weather
Russian group Mechel on Wednesday announced it has temporarily shut down the Mechel Campia Turzii and Ductil Steel Buzau plants in Romania, following problems in raw material supply, caused...
Mechel Completes EUR3.2M Investment At Its Otelu Rosu Plant
Russian steel giant Mechel Thursday said it has completed a EUR3.2 million investment in a new production line at its Ductil Steel Otelu Rosu plant, in western Romania.
Mechel Posts Over RON2.1 Billion In Turnover With Three Of Its Four Plants In Nine Months
The turnovers of three of the four steel companies owned by Russian group Mechel in Romania climbed by 72% in the first nine months of this year, to 2.1 billion lei (EUR0.48 million), but th...
Mechel Targoviste 9-Month Loss Widens To RO89.2M
Romanian steel maker Mechel Targoviste (COS.RO) Tuesday said its loss widened 12.1% to 89.2 million lei (EUR20.5 million) in the first nine months, despite a 42.3% increase in sales.
Erste, BCR Lend EUR50M To Four Mechel Units In Romania
Erste Group Bank (EBS.RO) and its Romanian arm Banca Comerciala Romana, or BCR, are granting a EUR50 million loan to four companies owned by Russian steel giant Mechel in Romania, to refinan...
ArcelorMittal Growth Below Expectations, Silcotub Becomes Most Profitable Steel Plant
Romania’s largest steel plant, ArcelorMittal Galati, controlled by Indian billionaire Lakshmi Mittal, last year slashed its losses four times, to EUR81.3 million, as its turnover rose by 16....
Laminorul Braila 1H Loss Narrows To RON9.8M, On Surging Sales
Romanian steel producer Laminorul Braila (LMRU.RO), a unit of Russian group Mechel, Friday reported a first-half net loss of 9.8 million lei (EUR2.3 million), down from RON26.8 million in th...
Mechel's Romanian Units Seek EUR100M Loan For Working Capital
Romanian steel maker Mechel Targoviste (COS.RO) proposed borrowing EUR100 million to finance working capital and potential commitments, the company said Tuesday.
Mechel Set To Turn Otelu Rosu Plant Into Smaller Version Of Sidex
Russia’s Mechel group, which owns five steel mills in Romania, plans to boost the raw steel output of its Otelu Rosu plant to 1.3 million tons a year, about half the level of ArcelorMittal G...