In the first nine months of 2010, Mechel Targoviste posted a loss of RON79.5 million.
The company said total sales rose to RON856.4 million in January to September 2011, from RON601.6 million in the year-earlier period.
Overall revenue was up 45.8% on the year to RON964.5 million, while total costs increased 42.2% to RON1.02 billion.
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 October 27, Mechel closed down 15% at RON0.8245 a share. (EUR1=RON4.3487)