09.26.2013

Indian industrial group African Industries plans to invest EUR200 million in a 500,000-ton steel plant in Oltenita (southern Romania), but first it wants to see the outcome of negotiations for the more

09.25.2013

Indian African Industries Group, the largest producer of rebar in West Africa, said it is interested in taking over Mechel’s former steel plants in Romania, which are currently insolvent. more

07.25.2013

Despite Romania needing infrastructure, roads, bridges, schools and hospitals, steel consumption has declined significantly in the past few years and continues to do so, according to industry more

05.20.2013

Romanian steel maker Mechel Campia Turzii (INSI.RO), a former unit of Russian group Mechel, has resumed production one month after launching insolvency proceedings, the company’s new owner Invest more

05.17.2013

Romanian steel company Mechel Campia Turzii (INSI.RO) Friday reported its first-quarter net loss stood at 18.8 million lei (EUR4.3 million), versus RON22.8 million in the year-earlier period. more

04.12.2013

Romanian steel maker Mechel Campia Turzii (INSI.RO) filed for insolvency on March 22, the company said in a statement Friday. more

03.28.2013

Bucharest-based Invest Nikarom, the new owner of Mechel’s former steel plants in Romania, expects the two units in Targoviste and Buzau to post zero EBITDA (earnings before interest, tax, more

03.23.2013

Prime Minister Victor Ponta said the Romanian Government may submit a request for value added tax refund to Russia’s steel giant Mechel and will impose tougher sanctions on private investors failing more

03.15.2013

Romanian steel maker Mechel Targoviste (COS.RO), which has recently entered insolvency, Friday said it has approved a new organizational chart and will lay off 512 employees. more

03.11.2013

Romanian steel maker Mechel Targoviste (COS.RO) on Monday said its revenue declined 12.3% to 941.3 million lei (EUR211.5 million) in 2012 from RON1.07 billion in 2011. more

02.22.2013

Bucharest-based Invest Nikarom, the new owner of Mechel’s former steel plants in Romania, plans to restart production at two of the four facilities in March, Economy Ministry Varujan Vosganian said more

02.21.2013

The four plants formerly controlled by Russia’s Mechel in Romania, which last year had a turnover of half a billion euros, have ended up in the hands of a small firm registered in Bucharest, Invest more

02.20.2013

Romanian steel maker Mechel Targoviste (COS.RO) has filed for insolvency with a view to restart activity once its restructuring process is complete, the company said in a statement Wednesday. more

02.19.2013

Russia’s steel giant Mechel Tuesday said it has sold its Romanian assets to local company Invest Nikarom SRL for a nominal sum of 230 lei (around EUR50). more

01.16.2013

Russia’s steel giant Mechel said Wednesday it has resumed wire production at its plant in Buzau, southern Romania. more

11.23.2012

Russia’s steel giant Mechel Friday said it has decided to temporarily halt production at its steelmaking facilities in Romania and Ukraine due to weak market demand. more

11.15.2012

Romanian steel works Mechel Campia Turzii (INSI.RO) Thursday said its net loss widened to 82.1 million lei (EUR18.1 million) in the first nine months, from RON69.3 million in the same period of 2011, more

11.14.2012

Romanian steel maker Mechel Targoviste (COS.RO) Wednesday said its loss narrowed 12.6% to 78 million lei (EUR17.6 million) in the first nine months, from RON89.2 million a year earlier. more

10.22.2012

Russian steel giant Mechel on Monday said it resumed production at its Romanian plant Ductil Steel Otelu Rosu, one of the five steel plants it owns in Romania. more

10.10.2012

Romanian steel processor Mechel Campia Turzii (INSI.RO) wants to lay off 800 more employees, union leader Ioan Pascu told Mediafax Wednesday. more

09.27.2012

The activity of the five plants held in Romania by Russia’s steel giant Mechel will continue as before, despite the group’s plan to sell them, and all sacked employees will receive compensatory more

09.26.2012

Russia’s steel giant Mechel will sell its Romanian business as part of a larger restructuring strategy to improve financial performance and increase market value, the company said in a statement. more

09.21.2012

Russian mining and steel company Mechel will temporarily suspend production at its plant in Otelu Rosu, southwest Romania, the group told MEDIAFAX Friday, after Platts reported the factory's closure more

09.21.2012

Russian steel producer Mechel will shut down its Otelu Rosu billet plant in Romania in October for an indefinite period, a source at Mechel Romania told energy and metals portal Platts Thursday. more

08.14.2012

Romanian steel maker Mechel Targoviste (COS.RO) Friday said it posted 20% lower revenue to 492 million lei (EUR111.1 million) in the first half, from RON613.5 million a year ago. more