STEEL
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ArcelorMittalGalati Hopes To Have A Loss Free 2018
Bruno Ribo, the chief executive officer of the largest steel mill in Romania, ArcelorMittal Galati, said the company could be free of losses next year, after having spent eight years in the...
Lack Of Major Infrastructure Projects In Romania Sends Local Steel Abroad
Denmark, Turkey and Ukraine are three of the countries using steel made by ArcelorMittal at its plant in the SE Romanian city of Galati to build bridges.
ArcelorMittal Galati Stays In The Red For Eighth Year In A Row
ArcelorMittal Galati, the largest steel mill in the country, ended last year with about 3.5 billion lei (EUR786 million) revenue, down almost 8% on 2015 and RON271 million losses, only 9% lo...
ArcelorMittal Galati CEO: Even With 2 Million Tons Of A Steel A Year We’re Too Big For Romania
ArcelorMittal Galati, the largest steel mill in Romania, last year kept production at 2 million tons a year, the same as in the previous two years and its chief executive hopes to be able to...
ArcelorMittal Galati Still In The Red In 2015
ArcelorMittal Galati, the largest steel plant in Romania, ended 2015 with 297 million lei (EUR66 million) losses, 40% lower than in 2014 and 4.5 times lower than in 2009. The last profitable...
Difficult International Steel Market Drives ArcelorMittal Galati Back Into The Red
ArcelorMittal Galati steel plant slipped back into the red in the fourth quarter after having posted positive EBITDA in the first three quarters. The reason for the losses is the million of...
Steel Production Of Romania Down 2.4 Times Since 1990
Romania's production of steel, rolled products and pipes dropped from 17.6 million tons after 1990 to 7.1 million tons last year. The number of employees in the steel industry went from 143,...
ArcelorMittal Galati Posted Almost EUR1B Losses In 2009-2014
Steel plant ArcelorMittal Galati posted 3.59 billion lei (EUR805 million) revenue last year, 3.2% lower than in 2013 and RON480 million loss. The plant’s business was hurt by the drop in ste...
Steel And Aluminum Producers Say Power Price Hike Hurts Them
The power price increase by almost 38% in the years since the collapse of Lehman Brothers, according to Eurostat data, is hurting industrial consumers.