Steel Mills

Dutch Company to Manage Serbian Steel Mill Zelezara Smedervo
Written by Sandy Williams
March 20, 2015
Dutch company HPK Engineering has been awarded a 3-year management contract for Serbian steel mill Zelezara Smederevo. After nearly a year of negotiations with the Serbian government US-based Esmark was pushed out of the running for purchase and management of the state-owned steel mill.
HPK Engineering pledged to invest $20 million in the plant to start production as well as retaining the current 5000 employees and increasing salaries by 10 percent. Zelazara Smederevo has an annual production capacity of 2.2 million tons of steel but produced only around 350,000 tons in 2014. HPK pledged to double that in 2015 and show profit in six months.
“This is an important day for Zelezara Smederevo and an important day for Serbia,” said Prime Minister Aleksandar Vucic.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.

USS shuffles some leadership roles after close of Nippon deal
USS shuffles leadership deck after deal closes with Nippon.

ArcelorMittal fires up steelmaking at Calvert mill
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.

Nucor gives update on cyberattack, no ‘material impact’
Nucor gives update on cyberattack from May.

CMC upbeat on steel margins, growth outlook, and construction resilience
CMC entered the back half of its fiscal year with improving steel margins, steady rebar demand, and confidence in long-term construction fundamentals