Thursday, December 15, 2016

Hesteel to spend $120 mln in 2017 on Serbian steel plant upgrade

SMEDEREVO, Serbia, Dec 15 (Reuters) - China's Hesteel

plans to invest $120 million in 2017 to upgrade

Serbian steel mill Zelezara Smederevo, which it bought from the

Serbian government this year in the first major Chinese

acquisition of a Serbian company.

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