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Bosnia and Herzegovina
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Fortenova sells agri unit to Podravka for 333 mln euro
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Bosnia's ArcelorMittal Zenica closes down coke plant - report

Apr 26, 2024, 4:05:02 PMArticle by Dragana Petrushevska
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April 26 (SeeNews) - Bosnian manufacturer of long steel products ArcelorMittal Zenica, part of Luxembourg-based steel manufacturer ArcelorMittal, has closed down its coke factory, local media reported.

Bosnia's ArcelorMittal Zenica closes down coke plant - report
ArcelorMittal Zenica. Photo by ArcelorMittal Zenica.

The company will relocate around 15% of the factory's workforce, consisting of 200 employees, to other departments, news portal Biznis Info reported on Thursday.

ArcelorMittal Zenica announced the closure of the coke plant in March after making losses due to the low price of steel on the global market.

In November, ArcelorMittal Zenica stopped production for two months due to the unfavourable conditions prevailing on the steel market.

ArcelorMittal has another unit in Bosnia, ArcelorMittal Prijedor, which operates an iron mine. ArcelorMittal holds a 51% stake in the mining company, whereas Bosnian miner RZR Ljubija holds the remaining 49% stake.

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