31
Jul
12:57
USSK foresees post-lockdown demand recovery after sales plummet
US Steel says European demand is beginning to recover, in line with the re-opening of the continent following Covid-19-related restrictions. This comes after subsidiary US Steel Kosice (USSK) saw shipments plummet -39% on-year in the second quarter to 610,000 net tons.
The Slovakian plant’s raw steel output was down -44% to 645,000nt, meaning capacity utilisation was only 52% versus 92% in Q2 2019. It, however, sourced 225,000nt of iron ore from US Steel&rsq…
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Anonymous
Very good overview of the weekly steel market.
Anonymous