US Steel Kosice

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US Steel Kosice increased steel shipments by 21% y/y in Q1

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

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US Steel Kosice does not plan to restart blast furnace No. 2 in Q2

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

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A potential deal between US Steel and Nippon Steel will bring new opportunities to Slovakia

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

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Slovakia increased steel production by 15.4% y/y in 2023

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

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US Steel Kosice increased steel shipments by 10% y/y in Q3

In July-September, the company's capacities were used by 75%

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US Steel provides funding for Slovakia’s decarbonisation plans

The company noted that the application for grant funding through the EU Modernization Fund was approved

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US Steel Kosice to reduce steel supply in the 3rd quarter

Supplies will decrease by approximately 100,000 tons compared to the previous quarter due to blast furnace maintenance

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Slovak US Steel Kosice will operate on a reduced schedule until the end of the summer

The shortened working day was introduced amid planned maintenance

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Slovak US Steel Kosice will receive €300 million from the government for decarbonization projects

The company plans to replace two blast furnaces with electric arc furnaces. The total cost of the project exceeds €1 billion

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US Steel Kosice reduced steel shipments by 20% y/y in the first quarter

In January-March, steel production increased by 0.3% y/y

usske.sk
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

usske.sk
US Steel Kosice reduced steel shipments by 13% y/y in 2022

In 2023, steel deliveries to customers are expected to grow by 1-20%

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