The company posted a memo on the Bucharest Stock Exchange, saying the improvement of weather conditions will enable the resumption of raw material deliveries to the plant.
On Friday, Mechel said it has temporarily shut down production at its Romanian plants Mechel Targoviste and Ductil Steel Otelu Rosu due to shipping difficulties, just a couple of days after implementing a similar measure at two other units on the local market, Mechel Campia Turzii and Ductil Steel Buzau plants, also due to supply problems.
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 shares were last traded on February 7, at RON0.81, up 0.62% on the day.