STEEL
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ArcelorMittal Galati To Increase Steel Production Starting 2012, Following EUR80M Investment
ArcelorMittal Galati, the largest steel plant in Romania, plans to increase its production by one million tons starting next year, after the reopening of furnace five, whose upgrading cost E...
ArcelorMittal Galati Could Boost Sales By EUR500M Following EUR80M Investment
ArcelorMittal Galati, the largest steel plant in Romania, controlled by Indian billionaire Lakshmi Mittal, will complete a EUR80 million investment in upgrading a furnace next month, which w...
Comvex Pins Hopes For Growth On Restart Of ArcelorMittal Furnace
The management of harbor operator Comvex Constanta (CMVX) says the company’s business could see growth in the second half of the year as a result of the reopening of steel mill ArcelorMittal...
Steel Industry Turnover Up 50% Last Year
Romania’s steel industry saw a strong increase last year, with the cumulated turnover of the 20 largest companies on the market advancing by 47%, to EUR2.7 billion, according to a ZF analysi...
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....
Steel Industry Between Massive Layoffs And 50% Wage Raises In Recession
The employees of steel companies, whose businesses made a significant recovery from the crisis thanks to a surge in exports, were among the most privileged in terms of wage raises during the...
ArcelorMittal Galati To Reopen Main Furnace In September
ArcelorMittal Galati, Romania’s largest steel plant, with turnover estimated at over EUR1 billion in 2010, will reopen the main furnace in September, boosting its production capacity to thre...
Romania’s Steel Production Rises 2.3% On The Year In April
Romania’s steel production increased 2.3% in April, to 340,000 tons, from 332,000 in the same interval of 2010, according to the World Steel Association.
Romania 1Q Crude Steel Output Up 13% On Year To 945,000 Tons
Romania’s crude steel production rose 13% on the year to 945,000 metric tons in the first quarter of 2011, the World Steel Association said in a report Wednesday.