U.S. Steel

Gov't reaches decision concerning privatization of Zelezara

Serbia's government reached a decision Thursday concerning launching an initiative to privatize the Zelezara Smederevo steelworks.

The country's Privatization Agency will Friday invite all interested investors to submit their expressions of interest for participating in the privatization of Zelezara Smederevo, says a statement from today's government meeting.

Smederevo Steel Plant to begin operating in late June

BELGRADE - The Smederevo Steel Plant will begin operating on June 29 when one of the two furnaces will be restored, Radio Television of Serbia reported.

Due to the lack of raw materials, one furnace in the Smederevo Steel Plant has not been operating for years now, while the other has been working with reduced capacities as of May 2.

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