Serb Steelmaker's New Managers Aim to Break Even in Six Months

The new management at Zelezara Smederevo DOO expects to turn Serbia's sole and unprofitable steelmaker around and break even within six months on rising output and improved outlook for the industry as raw-material prices drop. Serb Prime Minister Aleksandar Vucic hired HPK Engineering BV, a Dutch-registered company, to manage the plant after failing to sell it to Esmark Europe BV.