14
Jan
00:00
Esmark to invest $400m in Zelezara Smederevo following acquisition
US flat steel service centre group Esmark Steel plans to invest $400 million in Zelezara Smederevo over the next five years once it completes its acquisition of an 80.01% stake in Serbia’s sole steelmaker. The deal is due for completion by 1 February, Kallanish notes.
Esmark submitted the only valid bid in last week’s privatisation tender for Zelezara Smederevo (see Kallanish 12 January). Negotiations between the US company and the Serbian govern…
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Anonymous
Very good overview of the weekly steel market.
Anonymous