The company’s loss stood at RON59.5 million in the January to June, compared to RON63.7 million in the year-earlier period.
The steel company’s overall expenses decreased 18.5% to RON125.6 million.
Mechel Targoviste said total sales dropped 12.3% to RON481 million, from RON548.9 million in January-June 2012.
Russian steel giant Mechel, through its subsidiary Mechel International Holdings, owns 86.6% in the company, while the Romanian privatization authority AVAS holds 4.04% of its shares.
On the Bucharest bourse July 4, Mechel closed down 14.93% at RON0.47 a share. (EUR1=RON4.5186)