Serbian steel output about 10 pct up in Q1 2019

The EU steel export quotas have had no adverse effect on Serbia and the country's steel output rose by about 10 pct in Q1 2019, Milan Trajkovic, deputy head of the National Bank of Serbia (NBS) Economic Research and Statistics Department, said Wednesday.

15 Maj 2019 20:12

BELGRADE - The EU steel export quotas have had no adverse effect on Serbia and the country's steel output rose by about 10 pct in Q1 2019, Milan Trajkovic, deputy head of the National Bank of Serbia (NBS) Economic Research and Statistics Department, said Wednesday.

"So far, the steel quotas have not had a major impact on us. I think Serbia's steel output in Q1 totalled around 500,000 t and that this is around 10 pct more compared to the same period last year," Trajkovic said in response to a reporter's question about the impact of the quotas on economic growth.

The quotas do represent a certain risk but their impact on Serbia's growth has not been great, he told a press conference.

NBS Governor Jorgovanka Tabakovic said that, considering the structure of the Smederevo steel mill's output (hot-rolled sheets and strips, cold-rolled sheets and tinplate products), the quotas did not have much of a negative effect.


Photo: Tanjug/ Video

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