Demetrias was a Greek city in Magnesia in ancient Thessaly , situated at the head of the Pagasaean Gulf, near the modern city of Volos.
It was founded in 294 BCE by Demetrius Poliorcetes, who removed thither the inhabitants of Nelia, Pagasae, Ormenium, Rhizus, Sepias, Olizon, Boebe and Iolcos, all of which were afterwards included in the territory of Demetrias. It soon became an important place, and the favourite residence of the Macedonian kings. It was favourably situated for commanding the interior of Thessaly, as well as the neighbouring seas; and such was the importance of its position that it was called by Philip V of Macedon one of the three fetters of Greece, the other two being Chalcis and Corinth.
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