Revenue jumped to RON264.4 million in January to March, from RON48.94 million in the same interval of 2010, while expenditure widened to RON234.66 million, from RON54.97 million.
The company is 90.91% owned by Donau Commodities, part of Russian steel group Mechel.
In Romania, Mechel also owns Mechel Campia Turzii (INSI.RO), Mechel Targoviste (COS.RO), Ductil Steel Otelu Rosu. (EUR1=RON4.106)