UCM Resita, a company taken over last year by Hidroelectrica, for 2024 reported RON5.55 million turnover, down 85% from 2023. However, the company switched to RON20.5 million profit, from RON12.4 million losses in 2023.
Liberty Galati, the largest integrated steel producer in Romania, has announced it would enter an agreement with creditors amid political upheaval, the new tariffs imposed by the US over steel imports and the lack of real steel industry protection moves at EU level, considering this is the best form to stabilize its business.