Total revenue is seen at RON1.223 billion, 2.6% below the RON1.256 billion of 2011. Expenses are also estimated to decrease by 3.6%, to RON1.339 billion.
Mechel Targoviste is 86.6% owned by Russian group Mechel, through Mechel International Holdings. Romanian privatization authority AVAS holds 4.04% in the plant. Mechel entered the Romanian market in 2002 and locally it holds Mechel Campia Turzii (INSI.RO), Mechel Targoviste (COS.RO), Ductil Steel Otelu Rosu, Ductil Steel Buzau, Laminorul Braila and Mechel Reparatii Targoviste.
Mechel Targoviste was most recently traded on the Bucharest stock exchange at the end of March, for RON0.69 per share. (EUR1=RON4.3747)