After a year of imaginative management, HBIS Group of China has succeeded in turning around the troubled Smederevo steel mill, Serbia's largest, reinforcing the view that the conglomerate's go-global strategy is yielding positive results Hebei-based HBIS, one of China's largest iron and steel .

Serbian steel mill: firing up politics more than furnac Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and .

Dec 18, 2017· Serbia's Smederevo steel mill boosts revenue -statement 2 Min Read BELGRADE, Dec 18 (Reuters) - Serbian steelmaker Zelezara Smederevo has ,

Dec 15, 2016· SMEDEREVO, Serbia, Dec 15 (Reuters) - China’s Hesteel plans to invest $120 million in 2017 to upgrade Serbian steel mill Zelezara Smederevo, which it bought from the Serbian ,

Feb 18, 2019· Corporate film – HBIS Steel Mill Smederevo- Short film, corporate presentation with historical, production, safety, ecological and many other aspects of the HBIS Steel Mill in Smederevo Video .

The Smederevo steel mill’s production is estimated to touch 18 million tons in 2018, whereas the cast steel slab production is likely to total around 17 million tons SEATTLE (Scrap Monster): Chinese Hebei Iron & Steel Group’s Serbian subsidiary has announced investment of ,

In January 2017, the delegation of the European Union to Serbia said the introduction of anti-dumping duties by the EU on steel products originating in China will not affect the exports of the Serbian steel mill Hesteel officially took over the management and ownership of Zelezara Smederevo in July

A steel mill in the Serbian city Smederevo has turned a profit, ending a seven year loss, after being taken over by China's Hesteel Group last year, according to the Chinese iron and steel .

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Sep 16, 2019· Last year, it produced 177 million metric tons of steel, the most in its centurylong history The rebirth of the Smederevo steel plant is “a story about changes, a story about success and story about progress”, Serbian President Aleksandar Vucic said during an inspection of the steel mill in July last year, China Daily reported

BELGRADE (Serbia), July 24 (SeeNews) - HBIS Group Serbia Iron & Steel, a unit of China's HBIS, has launched a $120 million (108 million euro) project for construction of a new sinter plant at Zelezara Smederevo steel mill, the office of Serbian president Aleksandar Vucic announced on Wednesday

Aug 06, 2018· Serbian website Insajder has revealed financial details from the management contract for the economically-important steel plant at Smederevo which the Serbian ,

Aug 29, 2018· Smile says it all A Serbian steel plant averts possible bankruptcy and thrives after being taken over by a Chinese firm

The plant in Smederevo produces iron at two blast furnaces then converts blast furnace iron to raw steel at a three-furnace converter shop and continuous casting complex Steel is further processed in the Hot Strip Mill and Cold Rolling Mill units The Smederevo plant's design capacity is ,

Last year, it produced 177 million metric tons of steel, the most in its centurylong history The rebirth of the Smederevo steel plant is “a story about changes, a story about success and story about progress”, Serbian President Aleksandar Vucic said during an inspection of the steel mill in July last year, China Daily reported

Jan 31, 2012· BELGRADE, Serbia - The Serbian government on Tuesday bought a loss-making plant from US Steel for the symbolic sum of $1, hoping to avoid ,

May 10, 2019· Smederevo's HBIS Serbia steel mill produced 437,000 tonnes of steel castings in Q1 2019, up 6% YoY The mill, owned by China's steel industry ,

Jun 20, 2016· Serbian President Tomislav Nikolic was effusive about the April sale of the once-mighty Smederevo steel mill to a Chinese company ,

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

It also operated facilities in Serbia – former Sartid with facilities in Smederevo (steel plant, hot and cold mill) and Šabac (tin mill) US Steel added facilities in Texas with the purchase of Lone Star Steel Company in 2007 The company operates 2 joint ventures in Pittsburg, California with POSCO of South Korea

SHIJIAZHUANG - A steel mill in the Serbian city Smederevo has turned a profit, ending a seven year loss, after being taken over by China's Hesteel Group last year, according to the Chinese iron .

Ljajic: Steel mill contract means 45 pct GDP growth Signing the contract on the sale of the Smederevo steel mill will mean a further annual GDP growth of around 45 percent and all that has been done in this regard has paid off, Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic said on Monday

China's HBIS to acquire Serbia steel plant - Yahoo Finance Serbia on Tuesday accepted an offer to sell the country's sole steel mill, and its largest exporter, to China's HBIS, the world's third-biggest steel producer, the economy ministry sa

As one of the world’s largest steelmakers, HBIS Group is devoted to providing various industries with the most valuable steel material and service solutions, aiming to become the most competitive steel ,

Sep 09, 2017· China’s state-owned HBIS Group bought the steel mill, the only one in Serbia, for 46 million euros, or nearly $55 million at current exchange rat Its previous owner, US Steel,

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The economy of Serbia is a service-based upper middle income economy with the tertiary sector accounting for two-thirds of total gross domestic product (GDP) and functions on the principles of the free market , coming entirely from Smederevo steel mill, owned by the Chinese Hesteel

They also involve distributing some of China’s overcapacity in heavy industries: Chinese companies have invested in a steel mill in Smederevo near Belgrade and are building numerous coal-fired power plants, notably in Serbia and Bosnia and Herzegovina

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

Chinese company HBIS agrees to buy Serbian steel mill Železara Smederevo for EUR 46 million , Serbia's only steel mill, Železara Smederevo, will be acquired by Chinese company He Steel, the only bidder in a tender to sell the factory The ,