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US Steel Kosice - Latest Articles GMK Center

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

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

Photo – US Steel notes improvement in European steel demand
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

Photo – US Steel Kosice reduced steel shipments by 13% y/y in 2022
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%

Photo – US Steel Kosice has restarted all three blast furnaces
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