U.S. Steel Košice still in the red
- Vladimír Dohnal
- Aug 5, 2024
- 1 min read
U.S. Steel Košice reported a €9m loss before tax and depreciation in the second quarter due to low steel prices. It reported a €15m profit in the first quarter, only its second quarterly profit since mid-2022. All of U.S. Steel posted a €209m profit in 2Q. The Košice steel mill accounts for a quarter of the group's output. It expects a loss in the third quarter as well, due to weak construction activity in the region.
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