The company said total sales fell 10% to RON773.2 million in January to September, from RON856.4 million in the year-ago period.
Overall revenue was down 22% on the year to RON749.2 million, while total costs declined 21.4% to RON827.2 million.
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.
In September, Mechel announced plans to sell its operations in Romania, including Mechel Targoviste, 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. (EUR1=RON4.5388)