18
Nov
09:12
Hegang could close Zelezara deal imminently
Northern China’s Hebei Iron and Steel (Hegang) is conducting final studies into Serbia’s Zelezara Smederevo and could sign a preliminary deal in the coming weeks, a source close to the deal tells Kallanish. The acquisition would be the latest move in Hegang’s internationalisation drive and would give it its first European steelmaking capacity.
Serbia’s government hopes that a deal to offload the idled state-owned mill could be signed by t…
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Anonymous
Very good overview of the weekly steel market.
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