Tuesday, January 26, 2010

Steel production - 70 percent of Transnistrian exports - plummets because of crisis

The Transnistria-based Moldovan Metallurgical Plant announced that it produced 51.9 percent less steel in 2009 compared to 2008. Representatives said the drop could be attributed to the economic crisis. In raw numbers, the plant produced 425,900 tons of steel worth around 195 million U.S. dollars in 2009.

The plant's output makes up about 70 percent of Transnistria's exports and, therefore, has a huge impact on the region's economic well-being.

h/t www.infotag.md

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