Mechel Steel to wind up its Croatian pipe business
Russian steel producer
Mechel Steel Group is reportedly planning to dispose of its
pipe enterprise
Mechel Zeljezara in
Croatia.
Russian steel producer is in negotiations with the Croatian government regarding the subject.
It is stated that
Mechel's withdrawal from the project is due to the poor opportunities in the Croatian market. Moroever,
pipe business is not the core business of
Mechel.
Mechel acquired
Mechel Zeljezara, formerly Zeljeara Sisak in February 2003.