U.S. Steel Košice reduced its loss to €56m in 2025

U.S. Steel Košice reduced its loss to €56m last year from €100m in 2024. In 2021–22, thanks to a recovery in demand, it reported a net profit of €980m. This year, it expects a slight improvement in results due to a cautious recovery in European demand. The steel mill, which employs 7,600 people, produced only 3.2m tons of steel last year, 1.3m tons below capacity. Revenue fell from €2.7bn to €2.4bn. The new owner, Japan’s Nippon Steel, is currently deciding on a €1.5bn decarbonization investment, which the government is willing to support.

(dennikN.sk, forbes.sk)