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U.S. Steel Košice keeps increasing profits

Košice-based U.S. Steel reported a pre-tax profit of $544m in the first half, up 74% annually, despite its output being down by 33,000 tons. It continues to benefit from strong demand and high steel prices. Last year, it reported a record profit of $874m. It warns that an economic slowdown and high energy prices may take a toll on its results. HN sources say that U.S. Steel is trying to sell its Slovak subsidiary, with Czech businessman Pavel Tykač and Hungarian MOL showing an interest.


Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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