Romania - Latest news GMK Center

The asset in Iași will serve as a production bridge between Ukraine and Europe and will receive raw materials from Zaporizhia

According to the prosecutor's office, the losses could amount to approximately $300 million

The current stage aims to secure existing structures and equipment

Dorinel Umbrerescu's company wants to urgently buy out the plant, paying off debts only to the state

In September, the Romanian steel producer announced an indefinite suspension

A consortium led by a trader has submitted a plan to restart and potentially acquire the plant

The company cites high energy costs and a sharp decline in its order book

Romania's key steel plant is balancing between restarting production and the risk of bankruptcy

Pig iron smelting started on June 4, and steel production is expected to start in a few days.

The newly announced deadline is May 9, but it may not be met

A $21.5 million investment will partially power the steelmaking facility in Kehlerash with clean energy

The company will become a key supplier of raw materials for the country's defense plants