By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: There is a Possibility of ArcelorMittal withdrawing from BiH
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > There is a Possibility of ArcelorMittal withdrawing from BiH
BUSINESS

There is a Possibility of ArcelorMittal withdrawing from BiH

Published: November 18, 2023
Share
SHARE

In the shadow of the daily political turmoil, the problems of the citizens pass rather unnoticed, as well as those that can have a significant impact on the domestic economy as a result.

One such problem is present in the company ArcelorMittal Zenica, where integral production has been interrupted and a general strike is certain, which will directly cause problems in the functioning of the company ArcelorMittal Prijedor, and indirectly in the Republika Srpska (RS) Railways and the Railways of Federation of Bosnia and Herzegovina (FBiH), of which ArcelorMittal is the most important partner.

Next Monday, the general strike of ArcelorMittal Zenica workers begins. The trade union carried out all the activities provided by law for the start of the strike, and even the last round of negotiations between the union and the management of ArcelorMittal did not result in an agreement.

A general strike and interruption of production at ArcelorMittal in Zenica can cause numerous negative consequences for the BiH economy. The events at the factory in Zenica have already had a negative impact on ArcelorMittal in Prijedor, where ore production has been suspended, and 780 workers are waiting in uncertainty for the company’s official position and instructions.

In addition to the 3.000 ArcelorMittal workers in Zenica and Prijedor, the problems in the work of one of the largest exporters from BiH will also be indirectly felt by the RS Railways, which have already been informed about the suspension of ore transport from Prijedor to Zenica.

The company ArcelorMittal confirmed that there was an interruption of integral steel production in Zenica.

“The company ArcelorMittal Zenica has temporarily suspended production, due to the bad conditions prevailing in the steel market. After careful consideration and evaluation of all available options, on November 11th, 2023, we temporarily suspended the operation of the Blast Furnace, after which production was successively suspended in other facilities as well,” the company announced.

ArcelorMittal also announced that a number of factors in the international steel market influenced the decision to stop production. The company did not announce the most important thing, and that is the estimate for how long the steel production in Zenica will be suspended, Biznis Info reports.

E.Dz.

BiH exported Goods in amount of over 12 Billion BAM
Workers of ArcelorMittal Company to begin a General Strike
BiH expects 3.2 Percent of Economic Growth
Chairman Tegeltija: Bosnia and Herzegovina will not close its Borders at this Time
Chairman of the Council of Ministers at Conference of Business Leaders of Southeast Europe “Summit 100”
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article President Biden takes Historic Step to advance Worker Empowerment
Next Article Exclusive Interview with the Ambassador of Egypt to BiH Yasser Sorour
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

BiH officially on MONEYVAL’s Gray List: Consequences for Citizens, but also Businessmen
June 19, 2026
Konakovic and Gerapetritis: No Open Issues, Strong Prospects for Enhanced Cooperation
June 19, 2026
Plenkovic: Work Continues on Final Text of Resolution on Croats in Bosnia and Herzegovina
June 19, 2026
Hadzibegic: The Match against Qatar will be the most difficult mentally
June 19, 2026
The Seventh Pride Parade in Bosnia and Herzegovina will take place on Saturday in Sarajevo
June 19, 2026
FM: I expect that BiH will end up on the “gray list” due to Obligations we have not fulfilled
June 19, 2026
What is the Average Monthly Net Salary in BiH?
June 19, 2026
Mahmic: We must learn Lessons, I have nothing to celebrate
June 19, 2026
The City Council of Mostar supports the Concession of the Airport
June 19, 2026
ITA BiH: Goods worth 253,600 BAM seized in Tuzla
June 19, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?