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05 Nov
07:45

US Steel Kosice Q3 shipments increase, prices tumble

Flat steelmaker US Steel Kosice increased shipments by 3% year-on-year in the third quarter to 1.02 million net tons. Average selling price, however, plunged to $516/nt from $671/nt while ebitda was down to $39 million from $52m. Capital expenditure rose to $33m from $23m. Kosice’s raw steel production grew 2% on-year to 1.13 million net tons, while capacity utilisation rose to 90% from 88% in the year-earlier quarter, Kallanish learns from parent company …
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