The company is basing its estimate on export contracts with clients in China, South Korea, the United States and Europe, which make up some 99 percent of its production volume, said Florin Antonescu, Chief Management Officer (CMO). He added that the company plans to produce 240,000 tons of liquid steel by 2011-2012.

IMGB was taken over by South Korean Doosan group in September 2006, the latter world leader in metallurgy components and water desalinization.