Serbian plan to restart steel mill draws mart’s skepticism

Mar 05, 2013 | 12:00 PM | Christopher Rivituso

Tags  Serbia mill, Zelezara Smederevo, hot-rolled coil, cold-rolled coil, tinplate, iron ore, coking coal, Christopher Rivituso

LONDON — Steel industry observers are skeptical about the Serbian government’s plans to restart production at Zelezara Smederevo d.o.o. (ZS) after a Russian company failed to place a bid to buy the beleaguered flat products producer.

"Nobody’s going to sell raw materials to them," one European analyst told AMM sister publication Steel First March 1.

Zelezara Smederevo director Ivan Milosevic announced the restart plans following an early Friday meeting with Serbian economy and finance minister Mladan Dinkic, who on Feb. 28 had said that he would unveil a "Plan B" for ZS if the deadline for interested parties to submit a bid passed with no outcome. ....

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