U.S. Steel signs deal to stay in Slovakia

Mar 26, 2013 | 02:01 PM | Catherine Ngai

Tags  U.S. Steel, Robert Fico, Kosice, Slovakia, Serbia, Europe, slab, John Surma catherine ngai

NEW YORK — U.S. Steel Corp. and the Slovak government have signed a memorandum of understanding (MoU) ensuring that the Pittsburgh-based steelmaker will remain the owner of the Košice SRO plant for at least five more years.

"This moment I consider important not only to Košice (and) eastern Slovakia but also for the whole Slovak Republic," Prime Minister Robert Fico said in a March 26 statement following the signing. "The government is fully aware of the importance of U.S. Steel for the region and for the Slovak economy." ....

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