‘Red October’ in hunt for USS' former Serbia ops

Aug 18, 2014 | 12:17 PM | Michael Cowden

Tags  Železara Smederevo, Volgograd Steel Works “Red October” JSC, Red October, Esmark Steel Group, Prime Minister Aleksandar Vucic, Serbia, privatization, U.S. Steel steel

CHICAGO — "Red October" has joined the hunt for Železara Smederevo d.o.o., U.S. Steel Corp.’s former operations in Serbia.

Russian steelmaker Volgograd Steel Works "Red October" JSC is expected to be among the "credible bidders" for Železara Smederevo, the Serbian government said in a release on its website.

The announcement came the same day that Serbian Prime Minister Aleksandar Vucic met with representatives of Red October, the Serbian government said. "The Serbian government will soon launch the process of privatization of Železara Smederevo steel works, and it expects that Red October will be one of the credible bidders," it said.....

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