EU wants US Steel Košice to reduce production

The European Commission objected that Slovakia produces too much steel in Kosice, daily SME writes.

As U.S. Steel Košice(USSK) enjoys a ten-year tax holiday, Brussels and the Slovak government have agreed that the firm will partially limit its steel production. Slovak officials want the steel quotas to become valid only after Slovakia's formal entry to the European Union, while the EC claims that the quotas should have been observed from the date the agreement was signed.

The former main negotiator for the country's entry into the EU, Ján Figeľ, says that Slovakia should take the EC objections seriously.

However, USSK believes that the Slovak government will soon resolve the EC reservations related to the company's output.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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