US Steel to Serbia

STEEL giant US Steel Košice (USSK) has signed a contract with Serbian metallurgical company Sartid, say company officials. Under the deal, material from USSK will be processed in two of Sartid's plants under the supervision of USSK officials. The contract is good for six months as USSK conducts due diligence ahead of its planned entry into Sartid as a strategic investor.

USSK has also announced plans to continue looking eastward for markets, citing the possibility of a backlash in Europe stemming from the recent trade row between the European Union (EU) and the US. Claiming the need to protect its domestic steel industry, the US has applied tariffs reaching as high as 30 per cent on some steel imports, angering many in Europe.

Company president John Goodish said: "We have found further market opportunities in our effort to balance out possible losses [from any EU tariff rises], and some are to the east. We have to have our own strategy if we want to remain a profitable concern."

Top stories

President Zuzana Čaputová (front) and Health Minister Vladimír Lengvarský (back) visiting Ružinov hospital.

Lockdown it is. Or is it?

Hospitals are on the verge of collapse. President tells people to stop blabbing about Covid and get vaccinated.


3 h
Vaccine saves lives. Thank you for being responsible.

Why prefer vaccines to drugs? The Covid jab protects better and it is cheaper

About 4,800 people have received monoclonal antibodies in Slovakia. To compare, there were more than 2.4 million vaccinated people as of Monday.


5 h
Košice

Employers will start testing unvaccinated employees on Monday

The Economy Ministry issued the manual on Friday afternoon, one day after it was supposed to.


26. nov
Skryť Close ad