Mechel to buy new facilities in Romania

Reportedly, Mechel Group is closing a deal on buying Laminorul Braila a steel-making plant in Romania for $20M. This will allow extending the range of products of the Group. Laminorul was established in 1923. The plant is the only Romanian enterprise producing bulb bars for ship-building (around 150K tons a year). Laminorul also produces L-profiles, I-beams, and U-channels. The company’s facilities include 2 rolling mills and cold and hot stamping facilities. The total rolling capacity of the works reaches around 400K tons a year. Around 60% of the company’s products are exported. Among the main competitors of the company are Ozcan (Turkey), Corus (Great Britain), and Mittal Steel (Poland).
Besides Laminorul Mechel’s facilities in Romani include Mechel Targoviste (formerly Combinatul de Oteluri Speciale Targoviste), Mechel Campia Turzii (S.C. Industria Sarmei), Ductil Steel and Buzau.