US Steel Kosice

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

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

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

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

The shortened working day was introduced amid planned maintenance