Metinvest to close Metinvest Tubular Products Iasi steel pipe plant in Romania by end of 2026
2026-11-06 10:20:10 [Print]
Ukrainian steelmaker Metinvest will close its Metinvest Tubular Products Iasi pipe facility in northeastern Romania by the end of 2026. Operations were halted after armed attacks in August 2026 targeted the Ukrainian steel mill supplying hot-rolled steel coils to the plant. The closure resulted in collective dismissals for 194 of the facility's 195 employees.
Metinvest explored alternative European coil suppliers, but prices exceeded Ukrainian raw materials by approximately EUR 110 per ton, rendering ongoing operations economically unviable.
Metinvest acquired the 240,000-tonne annual capacity plant from ArcelorMittal in December 2025.
Metinvest explored alternative European coil suppliers, but prices exceeded Ukrainian raw materials by approximately EUR 110 per ton, rendering ongoing operations economically unviable.
Metinvest acquired the 240,000-tonne annual capacity plant from ArcelorMittal in December 2025.
