US Steel Košice announces $41 million profit

US Steel Košice has announced a profit of $41 million for the second quarter of 2001, the same profit it recorded in the first three months of the year; its mother corporation, USX - US Steel Group, lost $30 million in the second quarter.

The US firm last year acquired Slovak steel mill VSŽ, creating US Steel Košice. It has since then attracted other investors to the region, largely on direct supply contracts, and has promoted the east Slovak region as an investment destination in major European countries.

The city of Košice, in co-operation with US Steel Košice and a local technical university, said July 23 that it is building a 185 hectare industrial park with a total investment cost of one billion crowns.

Get daily Slovak news directly to your inbox

Top stories

News digest: Some schools open, so do some ski resorts

Top prosecutor to be appointed soon. Zsuzsová goes to prison in a murder case. Pezinok judges are busy deciding about custodies for high-profile suspects.

Health Ministry gearing up for COVID vaccines

Mass campaign planned to get people to take jab.

Illustrative stock photo

He was almost murdered. Instead, he is to become general prosecutor

It was not clear whether the election would take place on December 3 until the very last moment.

Maroš Žilinka

Žilinka elected the next general prosecutor

He received 132 votes out of the 147 present MPs.

Maroš Žilinka