US Steel

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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

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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