Research and Devolopment about Metallurgical Industry of Romania

Adrian Ioana, Augustin Semenescu and Mihnea Costoiu

A chapter in Research and Development Evolving Trends and Practices - Towards Human, Institutional and Economic Sectors Growth from IntechOpen

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.

Keywords: metallurgical industry; research; development; restructuring; privatization (search for similar items in EconPapers)
JEL-codes: L16 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:115314

DOI: 10.5772/intechopen.69123

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