The company sent a request in this respect to the Cluj Court, which is expected to issue a ruling on April 17.
This is the third of Russian Mechel’s former steel plants in Romania to file for insolvency. Mechel Targoviste and Laminorul Braila filed for insolvency in February and March, respectively.
Mechel has recently sold its Romanian assets to Invest Nikarom SRL for a nominal sum of 230 lei (EUR52).
Invest Nikarom, controlled by two Russian nationals, acquired the Russian group’s five assets in Romania, namely Mechel East Europe Metallurgical Division SRL and steel plants Ductil Steel Mechel, Campia Turzii S.A., Mechel Targoviste S.A., and Laminorul S.A.