KIEV, April 18 – The Donetskstal Group says it is in talks on the acquisition of Zelezara Smederevo (ZS) steel mill in Serbia.

"Information on the stoppage of talks that appeared in media reports are rumors that are not true. At present, the Serbian government is considering the possibility of participating in the procedure," the press service of private joint-stock company Donetskstal Metallurgical Plant said.

Earlier media reports said that Donetskstal had suspended talks on the acquisition of the Serbian company due to difficulties with returning it to profitable operation.