China & Serbia are advancing a landmark green steel partnership at the HBIS-owned Smederevo facility, with feasibility studies examining hydrogen-based production & electric arc furnace conversion. The initiative is driven by the European Union's Carbon Border Adjustment Mechanism, which threatens to make conventionally produced Serbian steel uncompetitive in its primary export market. Green steel premiums in Europe could reach two hundred dollars per metric ton by 2030, making the transition both an environmental & commercial imperative for the facility's long-term viability