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05 Jul
13:57

China's Hegang takes over Zelezara Smederevo

Chinese steel major Hebei Iron and Steel (Hegang) has, through its Hesteel Iron & Steel Serbia subsidiary, officially taken over the management and ownership of Zelezara Smederevo, the Serbian steelmaker says in a statement seen by Kallanish. Hesteel Serbia has a long-term plan for the steelworks. Advanced technology from China as well as investments in employees and environment will improve its operations in the coming years, says the company's dir…
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