Romania

The company signed a contract with a large electricity supplier in Romania

The company estimates capital investments in the first stage of the project in Romania at €160 million

The company notes an increase in demand for thick and coated rolled products

Transportation of ferrous metals in this direction amounted to 127,000 tons

The reason for such a step was a difficult market situation

UMB's new investor will invest over €300 million to restart the company, which has been idle since 2013

The plant will produce flat products with low carbon emissions; the feasibility study was completed in March

The company notes an improvement in demand for thick sheet and hot-rolled coil

At the first auctions for the sale of the plant, which were held last year, the starting price of the enterprise was €25-28 million

The shutdown of the unit took place during the Christmas holidays due to interruptions in the supply of raw materials

Romanian companies will use EU money to build additional capacities in ports for storage and transshipment of Ukrainian exports

The total cost of the project is $2.22 million