US Steel Kosice - Latest news GMK Center

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

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

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

According to forecasts, US Steel Kosice will ship 3.8-4 million tons of steel in 2023

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

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