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Smederevo steel mill an image of powerful Serbia - Serbia Business

Smederevo steel mill an image of powerful Serbia

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The Hesteel steel mill in Smederevo plans to produce 2 mln tons of steel next year, which will boost Serbia’s GDP by 1 pct, or probably more, Serbian PM Aleksandar Vucic told the plant’s workers and management on Friday.

“This is an image of a very beautiful, powerful Serbia, which shows we can work differently and better,” said Vucic, who took a tour of the plant with Hesteel President Yu Yong and Chinese Ambassador Li Manchang.

The Serbian government and the Hesteel Group signed in April a 46 mln euro sales and purchase agreement on the company’s acquisition of the plant.

The collaboration with Hesteel is the “deal of the decade, which brought a turnaround in the Serbian economy,” Vucic said.

Vucic noted he was proud that a visa-free regime with China was taking effect on January 1.