Serbian steel mill Zelezara Smederevo, run by China's Hebei Iron and Steel Group (HBIS), will close the year with a profit of 20 million euro ($23.1 million), the government in Belgrade said on Tuesday.
In September, Serbian media reported in the run-up to the launch of a privatization tender for Zelezara Smederevo that Red October was the other serious contender to take over the steel mill alongside Esmark.
Three bids received for Smederevo steel mill in Serbia. 03 May | Steel News. Mittal not expecting pre-crisis demand levels in developed world before 2015. 16 Mar | Steel News. Three bids received for Smederevo steel mill in Serbia. 03 May | Steel News.
The bid submitted for the Smederevo steel mill by China's HBIS is valid, and the plant can be purchased for no less than EUR 45.7 million, Serbian Minister of Economy Zeljko Sertic said Saturday. "As the Ministry of Economy, we decided that the bid is valid and the opening of the financial part of the bid is scheduled for Tuesday.
Generating at its peak 13 per cent of Serbia's export earnings, Zelezara Smederevo steel mill on the banks of the Danube is a symbol of the supposed glory …
The privatisation of the Smederevo steel mill is positive news, as is the fact that one of the world's biggest companies in the sector is interested in the plant, says the chief World Bank economist in Serbia Lazar Sestovic. After the presentation of a regular economic report on southeastern Europe, Sestovic told reporters that he hopes that ...
Five years after the establishment of HBIS Serbia, the steel mill has become the country's second-biggest exporter. Data of the Serbian Ministry of Finance showed that in the first half of 2021, the factory's export …
Esmark Steel Group is continuing to pursue the purchase of Serbian steel mill Zelezara Smederevo but is waiting for sale or lease approval by the Serbian government. A spokesperson for Esmark said the company is returning to Serbia next week for continued negotiations and expects the government to announce the final bidders at …
Project for Technical Renovation of Serbia Steel Mill of HBIS Group Serbia Iron&Steel Ltd, Smederevo, Serbia Technical details: 200.000 m³ Blast Furnace Gas Holder; 250 t /h – Heating Furnace; 1.782 million t/g – Sintering machine
On April 18, 2016, the Serbian government signed a deal with HBIS Group, China's largest and the world's second-largest steel and iron producer, to sell Smederevo steel for 46 million euros (53.8 million U.S. dollars). The factory was then renamed Hesteel Serbia. The Serbian government announced the official takeover of the mill on July 1, 2016.
In April 2022, OeEB signed a EUR 25 million credit line with the Serbian company Metalfer Steel Mill d.o.o. Sremska Mitrovica. In September 2023, OeEB increased its commitment by another EUR 20 million. The funds will be used for the expansion of renewable energy and environmental measures such as a photovoltaic system, sewage treatment plant ...
Find company research, competitor information, contact details & financial data for METALFER STEEL MILL DOO SREMSKA MITROVICA of Sremska Mitrovica, Sremski. Get the latest business insights from Dun & Bradstreet.
The Serbian steel plant Metalfer Steel Mill received a €21.4 million loan from the European Bank for Reconstruction and Development (EBRD). The funds will be used to decarbonize the company's …
Steel Products. At Metalfer, our mission is to provide superior quality steel products that power the dreams and designs of our clients across various industries. Our extensive product range includes wire rod, rebar, rebar in …
BELGRADE (Serbia), July 2 (SeeNews) – HBIS Group Serbia Iron & Steel, a subsidiary of China's Hebei Iron & Steel Group, plans to invest 150 million euro ($174.5 million) in Serbian steel mill Zelezara Smederevo by 2020, director Sihai Song has said.
The He Steel investment in the steel mill will be worth at least EUR 300 million and the company plans to retain the plant's 5,000-strong workforce. The Serbian government accepted on April 5 a binding bid submitted by the He Steel Group to buy the Smederevo steel mill for EUR 46 million.
The Serbian government on January 31 signed a deal to buy back the plant in Smederevo for a token price of $1.0 (0.77 euro) in a bid to avoid its closure and save over 5,000 jobs, after U.S. Steel decided to leave Serbia because of the global economic crisis.
Dun & Bradstreet gathers Iron and Steel Mills and Ferroalloy Manufacturing business information from trusted sources to help you understand company performance, growth potential, and competitive pressures. View 6 Iron and Steel Mills and Ferroalloy Manufacturing company profiles below.
Steel Service Center – je kompanija iz Smedereva koja se bavi proizvodnjom i preradom limova, cevi svih profila kao i drugih proizvoda iz oblasti crne metalurgije. [email protected]; prijem pošte: Starca Vujadina 27, Smederevo; skladište i proizvodnja:Đure Salaja b.b., Smederevo ; 066/ 630 1300; Skip to content.
One of the two blast furnaces at Serbia's only steelmaker, Zelezara Smederevo, formerly US Steel Serbia, became operational on Monday, April 22, restoring the company's production after nine months, according to local media reports. Minister of Finance and Economy Mladjan DInkic said that the Serbian government has decided to …
Metalfer Steel Mill Sremska Mitrovica is an electric arc furnace (EAF) steel plant operating in Sremska Mitrovica, Vojvodina, Serbia.. Location. The map below shows the exact location of the plant in Sremska Mitrovica, Vojvodina, Serbia:
Today, it functions as HBIS Group Serbia Iron & Steel, known as Hesteel Serbia, with facilities in Smederevo (harbor), Radinac (steel plant, cold and hot rolling mill), Šabac (tinplate) and Kučevo (limestone mining), and with headquarters in Belgrade. Železara Smederevo is the second to Fiat car company the biggest Serbian exporter.
The Serbian Ministry of Economy has published on its website the contract on the sale of the Smederevo steel mill, three days after the Serbian government signed the document with executives of China's He Steel Group. ... Serbia's economic growth is anticipated to be even higher than planned after the acquisition of the steel mill by the ...
A woman walks along a street near the Chinese-owned HBIS Serbia steel mill, in the village of Ralja, near the city of Smederevo, Serbia, on Nov. 3, 2021. (Marko Djurica/Reuters) BELGRADE—A few hundred meters from the huge furnaces of the Chinese-owned Smedrevo steel mill in central Serbia, the village of Radinac is covered …
In April, Serbia's government signed with China's Hebei Iron and Steel, currently Hesteel Group, a sale agreement for the steel mill after the Chinese investor …
In April, Serbia's government signed with China's Hebei Iron and Steel, currently Hesteel Group, a sale agreement for the steel mill after the Chinese investor submitted a binding offer to buy all 98 property units of Zelezara Smederevo for a total of 46 million euro ($51.2 million).