AmCham Macedonia Fall 2013 (issue 39) | Page 11

ANALYSIS The Future of Macedonia’s Steel Industry Interview with Juan Pedro Jimenez Navarro, CEO, ArcelorMittal Skopje EM: Please tell us a bit about your company and its investment in Macedonia. ArcelorMittal Skopje (AM Skopje) is one of the most successful and largest manufacturers in the steel industry. After acquisition by ArcelorMittal in May 2004, ArcelorMittal Skopje redesigned its products for an efficient and effective start and provided optimal allocation of all available resources. The company manufactures cold rolled, galvanized and organic coated sheets. These products are easily customizable, which significantly facilitates the process of cold forming, and also are ideal for drawing cold valanite sheets used for rolling and drawing, where strength, hardness and elasticity are needed in one package. They are commonly used in the manufacture of home appliances, roofs and gutters, tubes, sandwich panels, furniture, radiators and drums. Hot galvanized products can be used in a very wide range of applications for industrial markets as well as indoor and outdoor spaces. Specially developed to meet the need for strength, durability and efficiency, plasticized sheet is the default solution for high quality products with organic coating. We sell our products mainly in the Balkan region, EU-28 and Turkey. Through the core values of leadership, quality and sustainability, we are committed to work in a responsible way with respect to the health, safety and welfare of our employees and the community in which we operate. Emerging Macedonia Fall 2013 Issue 39 In the last year, the company invested 3.5 million Euros in a new galvanizing furnace, which was presented at last year’s Customer Day. The investment raised our views on the state-of-the-art technology of galvanizing steel, and enables us to deliver better quality products and comply with the environmental regulations. EM: In steel production, just how much of a role does energy play in ensuring your global competitiveness? What are the other key factors to your competitiveness? Energy makes up a full 30% of the transformation cost of AM Skopje’s CRM. Any energy price change has a direct impact on our competitiveness. Therefore, energy price stability must be a key outcome of the cooperation between government and private companies to ensure the competitiveness of the economy overall. Though the cost of gas has improved in the last several months, it is still higher than other neighboring countries where our competito