STEEL
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Romania’s Steel Consumption Down 40%, Despite Dire Need For Infrastructure
Despite Romania needing infrastructure, roads, bridges, schools and hospitals, steel consumption has declined significantly in the past few years and continues to do so, according to industr...
voestalpine Gives Up EUR5B Project In Black Sea Region On Financial Crisis
Austrian steelmaker voestalpine Thursday said it abandoned its EUR5 billion investment in a steel production facility in the Black Sea region, which included Romania, due to the financial cr...
Romania's Steel Production Nears 2009 Lows
The steel demand and price, an indicator of the progress of the economy, have reached the last four years’ lows and the largest producers of the world took steps to contain losses.
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...
Platts: Mechel Closes Romanian Steel Plant In Otelu Rosu
Russian steel producer Mechel will shut down its Otelu Rosu billet plant in Romania in October for an indefinite period, a source at Mechel Romania told energy and metals portal Platts Thurs...
TenarisSilcotub: Oil And Gas Pipeline Demand At Its Peak
The management of TenarisSilcotub, the second largest company in Romania’s steel industry after ArcelorMittal Galati, says it is working at capacity because of the high demand in the energy...
Tenaris Group Completes $60M Investment In Zalau
Oil pipe maker Tenaris has completed a $60 million investment in a production unit in Zalau, Salaj county, and will finish another project in Romania, worth $50 million.
ArcelorMittal Galati CEO: Productivity Must Increase, The Good Old Days Won't Return
Limits are only in our minds, and if the bad news is that it is tough out there right now and the good old days will not be back, there is also good news. This is but part of the philosophy...
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...