Steelmaker confirms: Contract to be signed on April 18

Serbian Minister of Economy Zeljko Sertic and He Steel Group Chairman Yu Yong will on Monday, April 18, sign a contract on the sale of Zelezara Smederevo.

Izvor: Tanjug

Friday, 15.04.2016.

16:07

Steelmaker confirms: Contract to be signed on April 18
Zelezara Smederevo (Tanjug, file)

Steelmaker confirms: Contract to be signed on April 18

The signing ceremony, to be held at the plant, will be attended by Serbian Prime Minister Aleksandar Vucic, foreign diplomats and many prominent Serbian public figures, the Ministry of Economy said, also on Friday.

The Serbian government accepted on April 5 a He Steel Group bid to buy the Smederevo steel mill for EUR 46 million.

With an annual output capacity of 50 million tons, the Chinese company is Asia's largest steel producer.

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