Pipe producer Mittal Steel Roman had a good start this year, registering a net income of €4.6 million (RON 16.9 million) in the first half of the 2005 year. In the similar period of 2004 the company reported losses of more than €3.7 million.

Mittal Steel Roman is part of Mittal Steel, the world’s biggest steel producer. Mittal owns other facilities in Romania, such as the iron and steel mill in Galati, the Tepro Iasi steel pipe producer and the alloy and non-alloy steel firm Siderurgica Hunedoara.

Mittal Steel Roman had a turnover of €107.1 million for the first half of this year, more than double compared to the same period of last year, when the turnover only amounted to €47.2 million.

The whole iron and steel industry benefited from the increased demand coming from the Asian markets this year.

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