HBIS Group Serbia Iron and Steel (Hesteel) has received USD 77 million in revenues from the sale of over 120,000 tons of finished steel products in May.
The company announced that this was “the greatest success in the year since since the arrival HBIS in Serbia.”
“The strategy of improving product quality at a time when the market is struggling with low prices, customer confidence, and continuity of presence in the market, have been the objectives pursued over the past year,” a statement said.
In addition, the global power of integration of resources and good organization of work after taking over the factory in Smederevo – the former Zelezara – have contributed to reaching this important success, the company added.
HBIS Group Serbia expects this to be a record year in many respects, “which will become evident in the coming months, thanks to new investments worth USD 150 million.”