In January through September 2011, the company reported a loss of RON88 million.
Laminorul said total sales dropped to RON146.7 million in the first nine months of 2012, from RON782 million a year earlier.
Revenues fell over fourfold on the year to RON213.5 million, while costs declined almost 73% to RON277 million.
Laminorul is 90.91% owned by Donau Commodities, a unit of Russian steel group Mechel.
In September, Mechel announced plans to sell its operations in Romania, including Laminorul, as part of a larger restructuring strategy to improve financial performance and increase market value.
Mechel didn’t say how much it hopes to raise from selling its Romanian operations. According to Russian newspaper kommersant.ru, the steelmaker seeks to obtain $150 million from divesting its Romanian plants Mechel Targoviste, Mechel Campia Turzii, Laminorul Braila and Ductil Steel Otelu Rosu.