IN SHORT

US Steel invests $605 million

FIVE years since taking over the former VSŽ steel mill, US Steel Košice has invested $605 million of the $700 million (€597 million) it promised to invest in the factory over the course of 10 years, the Hospodárske noviny wrote

Employment remains at 16,000, and around 4.5 million tonnes of steel are produced annually at the plant, said USSK president David Lohr.

The company's most recent large investment is a $160 million (€136 million) hot-dip galvanizing line for the production of high-quality steel for the automotive industry.

Of the total investments, $200 million (€170.5 million) went to environmental protection and ecological projects.

Get daily Slovak news directly to your inbox

Top stories

News digest: Lockdown not out of the question, PM Matovič says

The overview of news from Wednesday, October 21, 2020.

PM Igor Matovič says lockdown is still in play.

A curfew for those who refuse testing? Lawyers and president have doubts

The government risks the Constitutional Court canceling the nationwide testing.

Illustrative stock photo

The cabinet approves plan for permanent kurzarbeit

The new fund is expected to be introduced from 2022.

Labour Minister Milan Krajniak