19
Jun
15:50
Higher costs, lower demand force USSK furnace idling
Increasing market headwinds in Europe are expected to hamper US Steel Kosice (USSK)’s profitability in the second quarter, as a consequence of which the Slovakian plant is idling one of its blast furnaces.
The headwinds relate to raw material costs and demand, while increasing import tonnages into the EU are also hurting performance. USSK will idle BF no.2 which has a 125,000 net tons/month pig iron capacity. If this unit remains idle for the rest of 2019,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous