Romania - Latest news GMK Center

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

The unit was idle for 69 days – from September 30 to December 9, 2023

The company is adapting to the difficult conditions for European steel producers

The checkpoint will primarily be designed for freight transport

At the previous auction, the starting price of the company was at the level of €25.9 million, but the auction probably did not take place