Blast furnace No. 1 in Smederevo steelworks is expected to be shut down at the end of July
0
Blast furnace No. 2 continues to operate
Photo: Tanjug/Strahinja Acimovic
HBIS Serbia is preparing for the shutdown of blast furnace No. 1 in Zelezara Smederevo, and the factory told Tanjug that this is expected to happen at the end of the month.
Recommended
"Prices will certainly rise in Serbia as well": Time to ask government to lift ban on grain exports?
PM Brnabic after meeting with Austrian chancellor: EU's anti-Russia sanctions affect Serbia's economy as well
"The reason for this is the global situation on the market, which has led to a reduced demand for steel," HBIS Serbia said.
Blast furnace No. 2 continues to operate.
"We have adapted our operations to the current situation, and when market conditions are created for that, furnace No. 1 will be restarted," said HBIS Serbia.
(Telegraf Biznis)