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U.S. Steel Košice posted €32m loss in third quarter

Steel mill U.S. Steel Košice posted a €32m loss in the third quarter. Last year, it reported a record net profit of €648m and in January-September, its profit still stood at €510m. It says the steel industry is already feeling a recession and falling demand. Its 1-3Q production volume was down 13% annually to 3.3m tons. The price of energy and materials is rising, while the price of steel fell 14% during the third quarter.

The steel mill recently agreed to increase basic salaries by €80 per month. Working hours of administrative workers will increase slightly.


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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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