Steel output in Romania has seen a major rise in the last few months, climbing by 85% from a several-year low hit in January 2009, another sign that the Romanian economy is showing signs of a recovery. However, in order to bridge the gap created last year, steel production should double from the current levels.
In times of economic boom, the steel industry contributed up to 14% of Romania's exports, according to Petru Ianc, general manager within the Ministry of the Economy specialising in the steel industry.
"For Romania this rise means jobs, consumption of electricity and of materials but, considering that the production is largely exported, one should be reserved as to the steel output's ability to relaunch the domestic economy," Ianc believes.
After the disaster of the first nine months of last year, when steel output on the Romanian market fell to an average of 180,000 tonnes a year, steel output rose by around 50% in the four months that followed (October 2009 - January 2010).
Steel output in Romania has seen a major rise in the last few months, climbing by 85% from a several-year low hit in January 2009, another sign that the Romanian economy is showing signs of a recovery. However, in order to bridge the gap created last year, steel production should double from the current levels.
In times of economic boom, the steel industry contributed up to 14% of Romania's exports, according to Petru Ianc, general manager within the Ministry of the Economy specialising in the steel industry.
"For Romania this rise means jobs, consumption of electricity and of materials but, considering that the production is largely exported, one should be reserved as to the steel output's ability to relaunch the domestic economy," Ianc believes.
After the disaster of the first nine months of last year, when steel output on the Romanian market fell
