Serbia Expects to Find Partner for Steel Plant Before Year End
Serbia is not satisfied with the companies that showed interest in Zelezara Smederevo in a sales tender which expires next month, he said.
“None of those that registered to take part in the tender is a serious company, but we are getting calls from much more serious strategic partners,” Dinkic said. “I expect that we’ll find a partner for the steelworks by the end of the year,” possibly through direct negotiations.
Serbia bought back Zelezara from U.S. Steel Corp. (X) earlier this year for a token amount as international investors gave up on the unprofitable plant. The government has halted both furnaces at Zelezara to reduce losses.
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