State is ready to provide subsidies for US Steel Košice investments

Environment Minister Tomáš Taraba held talks with Japan’s Nippon Steel on state support for modernizing its Košice steel mill. “We can find support for the rational decarbonization of U.S. Steel Košice,” he said. Changes are likely to the original plan to replace coal with electricity in two of the three blast furnaces. Taraba said the original plan would have sharply increased production costs and required a new 400–500 MW power plant. The state had been prepared to provide €600m toward the €1.5bn investment.

(dennikn.sk)