The outlook for Romania's steel industry is mixed: while some companies invest in new production facilities, or in upgrading existing ones, one large global steel group [Mechel] mulls over pulling out from the country; so far it only decided to cut its local workforce. Both strategies, investing and dis-investing, are however responses to the same challenges: weak profitability. Low utilisation rates, seen globally as well as locally, add to weak demand and result in falling EBITDA margins. The...
Keep on reading: Global steel predicament casts shadow over Romania’s iron and steel industry
Keep on reading: Global steel predicament casts shadow over Romania’s iron and steel industry
