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
TimkenSteel implements Worlds’ AI platform into steelmaking ops
TimkenSteel has begun utilizing AI software from Worlds to gain insight into its steel manufacturing processes.
AM/NS Calvert, Outokumpu extend tolling arrangement
AM/NS Calvert will continue providing hot rolling tolling services for Outokumpu for the time being.
SMU Community Chat: Algoma’s CEO talks prices, decarb, raw materials
Algoma Steel’s CEO Michael Garcia joined SMU Managing Editor Michael Cowden for a Community Chat on Wednesday, Nov. 29. A great discussion was had on topics ranging from plate pricing to decarbonization efforts, raw materials strategies, and more.
U.S. Steel bids due on Friday: Sources
Bids for U.S. Steel are due on Friday, according to sources familiar with the matter. Friday is also allegedly when a non-disclosure agreement (NDA) between Cleveland-Cliffs Inc. and the Pittsburgh-based steelmaker expires.
Worker dies at Nucor Steel Indiana
A contract worker suffered a fatality on Friday, Nov. 24, at Nucor Steel Indiana’s Crawfordsville sheet mill.