Mechel Campia Turzii is expected to operate at full capacity within the next 10 days, the statement noted.

The steel estimated to be produced at Mechel Campia Turzii in the following period has been already presold, Invest Nikarom said.

Bucharest-based Invest Nikarom in February acquired Mechel Campia Turzii and four other assets of Russian Mechel for a symbolic price of 230 lei (EUR52).

Following the deal, the Romanian companies filed for insolvency and launched reorganization programs. Mechel Campia Turzii is the third company that restarted operations, after COS Targoviste (COS.RO) and Ductil Steel Buzau.

Invest Nikarom is controlled by two Russian nationals.