Hesteel Serbia
Serbian steel manufacturing conglomerate
The HBIS GROUP Serbia Iron & Steel, commonly known as the Hesteel Serbia (Serbian: Хестил Србија / Hestil Srbija) or Železara Smederevo (Serbian Cyrillic: Железара Смедерево), is a Serbian steel manufacturing conglomerate with the headquarters in Belgrade. It operates with facilities in Radinac (steel plant, hot and cold rolling mill), Smederevo (harbor), Šabac (tinplate) and Kučevo (limestone mining).
History
1913–2003: SARTID
On 20 February 1913, the company was founded under the name SARTID a.d. (Srpsko akcionarsko rudarsko topioničarsko industrijsko društvo a.d.). In the beginning, mainly foreign investors were shareholders of the company. During the period from 1945 to 1992, the Government of Socialist Federal Republic of Yugoslavia operated the steel plant. Many new factories were opened in that period, while Železara Smederevo was seen as a pillar of the Yugoslav metallurgy.
During the 1990s, the company's value declined significantly, mainly due to the sanctions which were put in effect during Yugoslav War. The loss of market and suppliers caused the later bankruptcy of the company.
2003–2012: U.S. Steel
In April 2003, two weeks after the assassination of the Prime Minister of Serbia Zoran Đinđić, the bankrupted company was sold to American steel company U.S. Steel (USS) for $23 million.
This brief starts where responsible research should: with the source description of “Hesteel Serbia” as serbian steel manufacturing conglomerate. Everything that follows is an evidence route, not borrowed authority.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Jul 12, 2026. The linked authority identifier is Q14766989. Authority coordinates are 44.607, 20.969. 2 of 3 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 1913, 2003, 1945 and 1992.
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This entry incorporates text from “Hesteel Serbia” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.