STEEL
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Four Bids For Liberty Galati Steel Mill
Steel plant Liberty Galati has received four bids, two of which for tolling (raw material processing) from Germany’s Steel Mont and a company in Türkiye, and two for buying assets.
Steel Pipe Distributor Comtech Co Slatina Revenue Shrinks 8.7% To RON138.4M In 2024
Slatina-based steel pipe distributor Comtech Co, owned by Romanian entrepreneur Constantin Goanta, posted RON138.4 million (EUR27.8 million) revenue in 2024, down 8.7% from the previous year...
Steel Plant Liberty Galati Revenue Drops To RON2.1B In 2024
Liberty Galati steel plant ended 2024 with RON2.1 billion revenue, down from RON3.6 billion in 2023, and losses of RON1.6 billion, lower than the previous year, Finance Ministry data show. I...
Comtech Co Slatina Sees Revenue Up To 34% To EUR31M In 2022
Romanian-owned steel pipe distributor Comtech Co posted RON154.4 million (EUR31.3 million) revenue in 2022, an increase of 34.3% on the previous year’s almost RON115 million (EUR23.4 million...
Liberty Galati Posts RON822M Loss In 2022
Liberty Galati, the largest integrated steel producer in Romania, posted RON822 million loss in 2022 compared with RON1.4 billion net profit in 2021, Finance Ministry data show.
ArcelorMittal Hunedoara Losses Double to RON42.7M in H1
ArcelorMittal Hunedoara (SIDG.RO), the steel mill owned by ArcelorMittal group, recorded a loss of RON42.7 million in the first half, up from the RON19.3 million in the same period of 2021,...
Proinvest Group Aims to Invest EUR10-12M in 2022
Proinvest Group, a company specialized in steel products, has a EUR10-12 million investment budget for 2022, part of a long-term growth plan that started in 2021 and involves EUR100 million...
Liberty Galati Hits Turnover Worth RON2.4B (EUR492M) in 2Q/2021, Up 37% From 1Q/2020
Steel mill Liberty Galati, Romania’s only integrated steel producer, reported turnover worth RON2.4 billion (EUR492 million) at the end of the second quarter of this year, 37% higher than in...
Investment Plans Still in Place for Steel Plant Liberty Galati
The situation of the GFG group, the main shareholder of steel plant Liberty Galati, will not affect the operations of Liberty Galati, where GFG’s investment plans have not been shelved, says...