December 03, 2008

Voestalpine seeking land in Constanta for steel plant Report

The European Weekly reported that Austrian major steel producer Voestalpine AG is currently seeking to purchase about 1,000 hectares of land in Romania.

According to sources, the company is looking for land in Constanta County to build a 5 million tonne steel production unit. The new production unit should be situated close to the Black Sea shore and the company intends to invest an amount of up to EUR 7 billion.

The project is expected to become the biggest steel plant in Romania and create some 10,000 new jobs. Currently, ArcelorMittal Galati holds the first place in steel production with some five million tonnes of annual output.