Over 50 percent of the world steel market is in the hands of the Chinese and they in their long-term calculations have a reason or coming to our market, Serbian Minister of Economy Zeljko Sertic said Tuesday.
Appearing on a Radio Television of Serbia (RTS) talk show, Sertic said that expectations were great from the sale of Zelezara Smederevo steelworks to Chinese company He Steel in terms of both GDP growth and modernization of steel production in Serbia.
Sertic said that the Chinese company would equip Zelezara with the latest technology, the same that they had in their other factories around the world and would also introduce different type of relationship between the menagement and workers, suppliers, customers and others.
“I expect great progress and overall improvement in doing business from this change,” said Sertic.
Source; SerbGov
