Steel output in Romania has seen a major rise in the last fewmonths, climbing by 85% from a several-year low hit in January2009, another sign that the Romanian economy is showing signs of arecovery. 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 upto 14% of Romania's exports, according to Petru Ianc, generalmanager within the Ministry of the Economy specialising in thesteel industry.
"For Romania this rise means jobs, consumption of electricityand of materials but, considering that the production is largelyexported, one should be reserved as to the steel output's abilityto relaunch the domestic economy," Ianc believes.
After the disaster of the first nine months of last year, whensteel output on the Romanian market fell to an average of 180,000tonnes a year, steel output rose by around 50% in the four monthsthat followed (October 2009 - January 2010).
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