Worldsteel journalist of the year 2020 Mr Colin Richardson of Argus, citing market sources, has reported that Ukrainian steelmaker Metinvest has held preliminary talks with US Steel over acquiring its Kosice plant in Slovakia. The report said “Metinvest has relied more heavily on raw material shipments since conflict broke out in the country, and Kosice is an integral buyer.” Metinvest needs feed for its coil and plate re-rolling facilities in Europe, which have been forced to procure slab on the merchant market since the disruption to Ukrainian supply. No slab was produced at Metinvest's Ukrainian assets in the second or third quarters of this year, with the units buying from China and elsewhere. US Steel has also been interested in exiting its European operations for some time. It sold its Smederevo plant in Serbia to the government in 2013 for USD 1, before it was resold to Chinese giant Hebei Iron & Steel in 2016. There was also talk earlier this year that the company was in discussions with unnamed parties to sell the Kosice operations. US Steel Košice is an integrated steelmaking company with more than 60 years of tradition with annual raw steel production capability of 4.5 million tonnes and employs almost 8,000 people. It’s product mix comprises of high value-added products suitable for applications in the automotive, packaging, electrotechnical, consumer goods and building industries. It producesHot Rolled ProductsCold Rolled ProductsElectrical ProductsHot Dip Galvanized ProductsOrganic Coated ProductsTin-plated ProductsSpiral Welded Pipes
Worldsteel journalist of the year 2020 Mr Colin Richardson of Argus, citing market sources, has reported that Ukrainian steelmaker Metinvest has held preliminary talks with US Steel over acquiring its Kosice plant in Slovakia. The report said “Metinvest has relied more heavily on raw material shipments since conflict broke out in the country, and Kosice is an integral buyer.” Metinvest needs feed for its coil and plate re-rolling facilities in Europe, which have been forced to procure slab on the merchant market since the disruption to Ukrainian supply. No slab was produced at Metinvest's Ukrainian assets in the second or third quarters of this year, with the units buying from China and elsewhere. US Steel has also been interested in exiting its European operations for some time. It sold its Smederevo plant in Serbia to the government in 2013 for USD 1, before it was resold to Chinese giant Hebei Iron & Steel in 2016. There was also talk earlier this year that the company was in discussions with unnamed parties to sell the Kosice operations. US Steel Košice is an integrated steelmaking company with more than 60 years of tradition with annual raw steel production capability of 4.5 million tonnes and employs almost 8,000 people. It’s product mix comprises of high value-added products suitable for applications in the automotive, packaging, electrotechnical, consumer goods and building industries. It producesHot Rolled ProductsCold Rolled ProductsElectrical ProductsHot Dip Galvanized ProductsOrganic Coated ProductsTin-plated ProductsSpiral Welded Pipes
