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

Photo – US Steel notes the drop in demand for steel in Europe due to the war in Ukraine
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

Photo – Slovak US Steel Kosice shut down two blast furnaces
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

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