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Romania steel industry will continue to grow- The 18th China(Guangzhou) Int’l Plate metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
3/7/2017 plate metal expo-wire expo |
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Capital ro reported that Romanian market of steel industry recovered in the second half of last year, after he had a "worst period". The growth will be maintained in 2017 directly influenced by price developments in Europe.
Last year, European steel producers have taken advantage of the price increase stimulus measures taken by the Chinese authorities stabilized the economy, and policy makers around the world have pledged to support economic growth. According to international publications, steel prices have increased by over 50%, while quotations of iron ore reference to the steel and coal have doubled. In this context, ArcelorMittal, present in Romania, had a net profit of 1.8 billion dollars in 2016, compared with losses of $ 7.9 billion in the previous year. The group profited from European and American authorities'' efforts to protect their markets of dumped Chinese exports.
According to market analysts, steel consumption will increase in 2017 due to recovery in demand for actual consumption. Mr Romano Del Negro, director general FRANKSTAHL Romania said that "The economic indicators are stable. Currently, steel consumption is falling, but I think in the near future are growth prospects. Private consumption continues to lead in total consumption. Although always risks and uncertainties we face, however, believe that the market will stabilize in 2017 steel.”
On the other hand, according to him, companies that are part of the cast steel must be very careful about the prices and services offered. In other words, they are perspectives revenue increases, but to a highly structured companies with well-established pricing policies and strategies proportionate. Mr Del Negro said that "Currently, the price of raw materials is increasing. Likely to stabilize at a certain level. Obviously, these increases will generate and steel price increases and international prices. To grow in a sustainable way both steel consumption and investment in the field. Public Invesi?iile are still modest.”
Currently, the largest players in Romania (ArcelorMittal Gala?i, Tenaris Silcotub Zalau, Mairon Galati, TMK-Artrom, COS Targoviste) together have more than 10,000 employees. 2016, although not published all income market representatives say that the differences are not very big compared to the previous year. That means that five players had higher aggregate turnover of 8 billion lei in 2016.
Mr LN Mittal general manager ArcelorMittal quoted by Bloomberg as saying that "2016 was a breakthrough year for ArcelorMittal, characterized by improved market conditions, a strong contribution from our Action Programme 2020 and the government measures to address unfair trade.” Moreover, ArcelorMittal expects that this year global steel consumption to grow between 0.5% and 1.5%, following an advance of 1% last year.
Alro Slatina and steel mill tax passed last year and reported a net result of 67 million lei compared to a net loss of 24 million lei in 2015. Also, operating profit stood at 170 million lei to 157 million lei in 2015. at the same time, according to the company, turnover was 2.1 billion lei, down slightly from the previous year, when it reached 2.3 billion lei. "The investments made over the years in technology and reducing specific consumption, as well as expanding product range and quality helped us to return to profit after several consecutive years of losses, a period still difficult for industry our "said Gheorghe Dobra, general manager of Alro SA.
-- The 18th China(Guangzhou) Int’l Plate
metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
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