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25 Feb
00:00

New survival plan drawn up for Romania's longs mill COST, and wire drawer ISCT

A new restructuring plan for Romanian longs producer, COS Targoviste (COST) was agreed earlier this month, after the proposal received court approval. The billet producer was put into special administration in the first quarter of 2013. COST is to merge with its sister company, Industria Sarmei Campia Turzii (ISCT), which has returned to its old name ISCT, and was previously known as Mechel Campia Turzii. ISCT produces drawn wire, and hot-dipped galvanized w…
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