LONDON U.S. Steel
Koice SRO (USSK) has received a number of expressions of
interest in acquiring the mill, a spokesman for the Slovak flat
steel producer confirmed to AMM sister publication
Interest in the plant is likely
due to its strong financial performance and strategic position,
the spokesman said Wednesday.
"USSK has been, and continues to
be, a successful investment for U.S. Steel Corp.," he said, and
is well positioned to continue serving the growing central
European markets of the Czech Republic, Hungary, Poland and
"U.S. Steel Corp. believes it is
prudent to explore this interest in the context of its overall
capital allocation, and in a way that maximizes returns to its
shareholders," the spokesman said.
The integrated Koice plant
in eastern Slovakia can produce 4.4 million tonnes of crude
steel per year, which it casts into slabs for rolling into hot-
and cold-rolled coil. The plant also produces welded pipe as
well as value-added products, including tinplate, hot-dipped
and electrolytic galvanized sheet, and color-coated steel.
The plant also serves as the
western terminal of the irokorozchodná trat
broad-gauge rail line, which delivers iron ore directly from
A Slovak Ministry of Economy
spokeswoman declined to comment, noting that the company is a
privately held asset.
The U.S. Embassy in Slovakia is
aware of the interest in USSK, a spokesman for the diplomatic
mission told Steel First, although he declined further
A version of this article was first
published by AMM sister publication Steel