07
Jan
14:38
USSK postpones dynamo steel investment on tough market
US Steel Kosice (USSK) has postponed its dynamo steel strip investment on account of reduced selling prices in quarterly and monthly contracts, and the difficult outlook for Europe’s economy in 2020. So said parent US Steel in its full-year 2019 guidance published last month.
Twelve months ago USSK said it plans to build a new 100,000 tonnes/year capacity non-grain oriented (NGO) electrical steel line at a cost of $130 million (see Kallanish&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous