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11 Jul
13:21

HBIS to idle blast furnace amid low demand

HBIS Group Serbia Iron & Steel will idle blast furnace No.1 at its Smederevo works due to low global demand for steel products, the company tells Kallanish. “The preparations for shutting down BF No.1 in the company HBIS Serbia are in progress,” a spokesperson says. “The reason for that is the global situation on the market, which led to reduced demand for steel. We adjusted our business to the current situation and, once the market conditio…
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