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HBIS Serbia to Shut Down One of Two Blast Furnaces at Smederevo Steel Mill – Reduced Demand for Steel

Source: RTS

Monday, 11.07.2022.

13:24

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Illustration (Photo: Zhao jian kang/shutterstock)

At the company HBIS Serbia, there are preparations to shut down the blast furnace no. 1. The reason is the global situation in the market, which entails a reduced demand for steel.

– We have adapted our operations to the current situation, and when all the market conditions are met, the blast furnace will be put into operation again – says the announcement of the Chinese company, as reported by RTS.

The Smederevo steel mill has a total of two blast furnaces.

Companies:

HBIS GROUP Iron & Steel d.o.o. Beograd

Tags:

HBIS Serbia

Železara Smederevo

Smederevo steel mill

shutting down blast furnace number 1

reduced demand for steel

HBIS Serbia operations

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