Sirmium Steel is slated to open a foundry in the Serbian city of Sremska Mitrovica by the middle of this September. The cost of the facility is estimated to be around 35 million euros.
When operational, the facility is expected to produce around 250,000 tons of steel beams per year.
According to a Serbian news report, there is only one more foundry that produces beams in the region that includes Croatia, Slovenia, Bosnia and Herzegovina and Montenegro. And, according to the report, that foundry, which produces around 200,000 metric tons of beams per year, will soon be closed.
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