www.mediafax.ro/economic/miliardarul-ucrainean-rin

Metinvest Tubular in Iași will close, resulting in the layoff of 194 employees due to operational disruptions caused by the war in Ukraine. The company struggled to find alternative suppliers in Europe, facing higher raw material costs. Compensation packages will be provided to affected employees based on their tenure. The factory, previously part of ArcelorMittal, was acquired by Metinvest in late 2025 and had reported significant losses in 2024. Despite initial recruitment efforts, the closure was announced shortly after.