rolled steel production - Latest news GMK Center

The company points to the price factor and longer-than-planned downtime for maintenance

Ferroalloy production increased by 5.8% y/y during the period

Steel production increased by 10.9% y/y during the period, while pig iron production increased by 15.4% y/y

The company notes that the country's steelmakers have faced a decline in demand in recent years.

Funding will help the company accelerate its transition to electric arc production

Pig iron production amounted to 6.48 million tons, and steel production amounted to 6.17 million tons

The company expects improved market conditions to drive higher domestic demand

In September, the Romanian steel producer announced an indefinite suspension

Measures aimed at expanding the country's production capacity and reducing imports

Support covers debt restructuring, recapitalization, and investments in modernization

Job losses deepen in the country

The company plans to lay off 4,000 employees, with the cuts affecting its flagship asset in the country