31
Jan
11:31
US Steel Kosice expects lower shipments in 2020
US Steel Kosice (USSK) expects to ship 3.2 million net tons of steel products in 2020, says parent US Steel. This comes after sales in 2019 fell -19% on-year to 3.59mnt.
In the fourth quarter of 2019 alone the Slovakian mill’s shipments slumped -29% on-year to 757,000nt, with average realised price down -9% to $622/net ton.
Raw steel production fell -36% in the quarter to 773,000nt, with capacity utilisation sliding to 61% from 96% in Q4 2018. Net sales dro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous