Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Chinese steelmaker HBIS Group’s subsidiary, HBIS Serbia will resume operations of its No.1 blast furnace in Smederevo on Aug 16. 


The company noted in a media statement announcing the restart on Monday that the No. 1 furnace would resume production more than a year after it was forced to shut down in July 2020 due to the weak demand caused by the COVID-19 pandemic. 


HBIS Serbia has only one blast furnace, No. 2, operating at present. However, it noted that the current demand strength has made the company reconsider its decision and the No. 1 furnace would enhance the steelmaker’s present production capacity once it resumes operations.


The HBIS Group produces steel, hot and cold-rolled products, and tin plate in southeast Europe through HBIS Serbia. The Smederevo plant produces iron at two blast furnaces and converts it to raw steel at a three-furnace converter shop. The company’s current estimated production capacity is 1.9mn mt of finished products annually.


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