steelmaking group Metinvest is considering acquiring Slovak
flats producer U.S. Steel Koice SRO, a source close to
Metinvest told AMM sister publication Steel
The company is taking several
factors into consideration, including the markets
prospects in Europe, the source said. He declined to provide
A spokesman for U.S. Steel
Koice declined to give details about the companys
attempts to sell the plant, although previously it said it had
received expressions of interest (
amm.com, Nov. 14). At the time, a Slovak business
publication listed Donetsk, Ukraine-based Metinvest and
London-based Evraz Plc as interested parties, but Evraz
declined to comment and Metinvest would neither confirm nor
deny its interest.
A weak European steel market,
plus the European Unions imposition of tighter
environmental regulations, prompted Pittsburgh-based U.S. Steel
Corp. to consider selling the plant.
Slovak government officials
would not confirm late in 2012 that the administration would
offer new concessions to U.S. Steel if it decided to remain in
The Koice operation has a
capacity to produce 4.4 million tonnes of crude steel per year.
It can cast slab and roll hot- and cold-rolled coil for the
automotive and white goods sectors. The plant also produces
value-added products, including hot-dipped galvanized sheet,
tinplate, color-coated steel and spiral-welded pipe.
A version of this article was first published by AMM sister
publication Steel First.