Ductil Steel Buzău and Laminorul Brăila will merge

Factories Ductil Steel Buzău and Laminorul Brăila will merge, according to the reorganization plan voted by creditors. This plan involves absorption of Laminorul Brăila by Ductil Steel, said officials of Nikarom Invest, which, in 2012, bought all the companies held in Romania by the Russian group Mechel. In March 2013, the local company Silnef took over from Mechel the claims against the Romanian plants, becoming the major creditor of these factories. Subsequently, Silnef filed a reorganization plan for Ductil Steel Buzău and Laminorul Brăila.

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