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Research and Devolopment about Metallurgical Industry of Romania

In: Research and Development Evolving Trends and Practices - Towards Human, Institutional and Economic Sectors Growth

Author

Listed:
  • Adrian Ioana
  • Augustin Semenescu
  • Mihnea Costoiu

Abstract

Our chapter wishes to be a critical and reasoned radiography of the evolution/involution of metallurgical industry in Romania during the period 1990-2016. The importance of metallurgical industry, for any state, is obvious and overwhelming. In this context, paraphrasing a known dictum, we can strongly say that in the industrial environment and in life generally 'if there is no metallurgy, nothing is!' The structure and content of our material is logical one and evolutionary. So, we firstly present in order a description of the main metallurgical companies in Romania (companies in the steelmaking industry: COS Mechel Targoviste, ArcelorMittal Galati; companies from non-ferrous metallurgy: Alro Slatina, CupruMin Abrud; metallurgical companies in the manufacturing and assembly industry: Metalurgica Aiud, Timken S.A Ploiesti). In Section 3, we describe critical components concerning the involution of steel industry in Romania. Thus, we analyse: benchmarks, restructuring of the steel industry in Romania, the impact of the global crisis on the steel sector in Romania, privatization, modernization/restructuring and monitoring between 2004 and 2008. In Section 4, we present the prospects of metallurgical industry in Romania, and in Section 5, we present technical-economic components specific to the industry of metal materials.

Suggested Citation

  • Adrian Ioana & Augustin Semenescu & Mihnea Costoiu, 2017. "Research and Devolopment about Metallurgical Industry of Romania," Chapters, in: Soha Maad (ed.), Research and Development Evolving Trends and Practices - Towards Human, Institutional and Economic Sectors Growth, IntechOpen.
  • Handle: RePEc:ito:pchaps:115314
    DOI: 10.5772/intechopen.69123
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    More about this item

    Keywords

    metallurgical industry; research; development; restructuring; privatization;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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