Steel Mills
January 5, 2015
Esmark Moves Closer to Acquisition of Serbian Mill
Written by Sandy Williams
Bidding has closed for Serbian steel mill Zelezara Smederevo with a decision due around February 1.
Esmark Steel Group is considered the leading contender out of the 10 bids submitted to the Serbian government. The eventual buyer of the mill will be obligated to ramp up production of Zelezara’s second blast furnace to fifty percent capacity by the end of 2016 while maintaining full production on the first furnace.
