US Steel Kosice - Latest news GMK Center

The company showed a decline in key indicators amid weakening demand for steel in the region

Slovak producer emphasizes the critical state of the industry due to cheap imports and weak demand

Shipment of products decreased by 8.2%

Steel production during the period decreased by 2% y/y

Resumption of operation of the unit after a 30-day repair is hindered by the weakening of steel demand in Europe

Further configuration of production will depend on market conditions

Steel production fell 19% year-on-year in April-June

The negative forecasts are explained by the long downtime of blast furnace No. 2 due to weak demand for steel

The steel plant continues the planned shutdown of blast furnace No. 2

The unit was shut down in early March for scheduled maintenance. Launch postponed due to weak steel demand

At the same time, state support will be crucial for the decarbonization of US Steel Kosice

This was facilitated by the increase in production indicators of the main steel enterprise of the country – US Steel Kosice