The European Bank for Reconstruction and Development (EBRD) will provide a €5m ($5.9m) loan to Romanian steel producer Donalam.

Donalam is a unit of the Italian group Beltrame. Donalam will use the two-year loan to bridge a potential working capital gap caused as a result of the Covid-19 pandemic.

Located in Calarasi, south-eastern Romania, Donalam was set up in 2006. It was launched after Beltrame bought the local Siderca rolling mill. Donalam's steel rounds are sold to Germany and Italy as well as to central and eastern European markets. They are used in industrial and mechanical engineering. The steel rounds are also used in the automotive sector as well as the oil industry.