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

In July-September, the company's capacities were used by 75%
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
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
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
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
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
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
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%
US Steel Kosice has restarted all three blast furnaces

The restart of capacities is due to the increase in HRC prices and the recovery of demand