Due to the lack of raw materials, one of the furnaces of the metallurgical plant in Smederevo has not been operating for several years, and the other has been operating at a reduced capacity as of the end of May. Raw materials begin to be supplied to the plant in Smederevo and after the preparation of the furnace, ignition will start accordingly.
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The authorities have been trying to find a strategic partner for the metallurgical plant in Smederevo since February 2012, when US Steel (USA Steel) left the plant, and so far two tenders have not yielded results. Zelezara Smederevo was sold to US Steel in March 2003 for $ 23 million and was a major exporter, accounting for 13 percent of the country's total exports through early 2012. The government brought the company back by buying Steel from the United States in January 2012 for $ 1.
The list of potential investors who have visited the plant since the beginning of the year includes companies from the EU, the US and Russia that have expressed interest in the project, according to the government. Several media outlets in Belgrade report that Esmark Steel Group, a subsidiary of the Chicago-based Esmark Corporation, is likely to partner with Zelezara in Smederevo and that the model of cooperation with the government, as owner, will be known by the end of the month. Everything will depend on the Serbian government, which makes the decision.
