Industry News

ArcelorMittal reduces operations at Romanian steel plant

Views : 59
Update time : 2024-12-12 16:56:33
ArcelorMittal's Steel Plant in Hunedoara, Romania, has announced a significant reduction in operations from December 9 through the end of 2024 due to a shortage of orders.

During this period, the company will continue to support its 600 employees by providing 75% of their regular wages.

The financial performance of the plant reflected challenging market conditions. From January to September, the company's losses escalated, more than doubling to RON 80 million. Simultaneously, revenues declined by 13% year-on-year, reaching RON 420 million.

In addition, the company's market capitalization also experienced a 3.45% year-on-year decrease, now standing at RON 56 million.
Related News
Read More >>
Japan's blast furnace plants deeply affected by US auto tariffs and want to sell billets in Taiwan Japan's blast furnace plants deeply affected by US auto tariffs and want to sell billets in Taiwan
Apr .23.2025
Japan's blast furnace plants deeply affected by US auto tariffs and want to sell billets in Taiwan
Vietnam's Yongjin source surge in Taiwan stainless steel market triggers AD concerns Vietnam's Yongjin source surge in Taiwan stainless steel market triggers AD concerns
Apr .23.2025
Vietnam's Yongjin source surge in Taiwan stainless steel market triggers AD concerns
Azerbaijan’s aluminum & relevant products output grows in Q1 2025 Azerbaijan’s aluminum & relevant products output grows in Q1 2025
Apr .23.2025
Azerbaijan’s aluminum & relevant products output grows in Q1 2025
China’s unwrought aluminum alloy imports fall, exports grow in Mar m-o-m, y-o-y China’s unwrought aluminum alloy imports fall, exports grow in Mar m-o-m, y-o-y
Apr .23.2025
China’s unwrought aluminum alloy imports fall, exports grow in Mar m-o-m, y-o-y