U.S. Steel Kosice reduced steel shipments by 8.4% q/q in Q3

The European division of the American steel company U.S. Steel – U.S. Steel Kosice (USSK) – reported an 8.4% decrease in steel shipments in July–September 2025 (Q3) compared to the previous quarter, down to 788,000 tons. Compared to the same period in 2024, the figure fell by 12.3%. This is evidenced by data from the U.S. Steel report.

Steel production for the period fell to 838,000 tons, which corresponds to a decline of 13% y/y and 13% q/q.

The division’s EBITDA was $31 million, down 26% from the previous quarter ($42 million) and 21% lower than a year ago ($39 million). The company attributes the decline in profitability to falling market prices for steel and lower sales, although this was partially offset by lower raw material costs and favorable currency fluctuations.

Blast furnace No. 2 at the Košice plant remains idle after being shut down in May due to low demand. The rest of the units are operating at adjusted capacity, enabling the company to maintain efficiency in a challenging market environment.

Despite the decline in Q3, USSK remains U.S. Steel’s main production asset, and the company expects a gradual improvement in the European market in 2026.

As GMK Center reported earlier, US Steel Kosice reduced steel production by 12.8% in 2024 compared to 2023, to 3.83 million tons (net ton). Shipments of steel products for the year amounted to 3.58 million tons, down 8.2% year-on-year. This is the lowest volume of steel sales to customers since 2020.