US Steel
US Steel closes proposals for the purchase of the business

At the same time, the company announced that it would cease steel production at the Granite City Works plant
Canada’s Stelco Holdings is weighing a bid to buy US Steel

The company is negotiating with a potential partner
US Steel shuts down a blast furnace at an Illinois plant due to a strike in the auto industry

If necessary, blast furnace volumes will be redistributed to other company facilities
ArcelorMittal may submit an offer to acquire US Steel

Esmark and Cleveland-Cliffs already want to fight for the assets of the American company
Esmark submitted an offer to acquire US Steel for $7.8 billion

The initial period of validity of the offer will last until the end of November
US Steel rejected Cleveland-Cliffs takeover bid for $7.3 billion

Currently, the steel company is considering strategic options
US Steel notes improvement in European steel demand

According to forecasts, US Steel Kosice will ship 3.8-4 million tons of steel in 2023
US Steel Kosice resumed operation of the blast furnace after a month and a half of downtime

The unit was forced to stop due to high energy prices, low market demand and a sharp increase in imports

US Steel Kosice
Slovakia’s US Steel Kosice has shut down the second of its three blast furnaces until 2023

The shutdown of the unit is due to high electricity costs and a drop in demand for finished products
US Steel notes the drop in demand for steel in Europe due to the war in Ukraine

In the third quarter, the European company US Steel Kosice reduced steel production by 26% y/y

Slovak US Steel Kosice shut down two blast furnaces

The units were sent for idle for 60 days with the possibility of adjusting maintenance schedules