 After the fall of communism, the Reșița Steelworks ("Combinatul Siderurgic Reșița", CSR) were bought by an American investor who brought the factory just one step away from bankruptcy.Today the steelworks are run by TMK Europe GmbH, a German subsidiary of the OAO TMK, Moscow, who has projects of modernization for the CSR.The city is situated along the Bârzava river, which meets the Doman river in the centre of town.