Economy Ministry: Steel production crucial for Slovak industry

THE PRODUCTION of steel has been and will remain one of the main pillars of Slovakia's industrial development, and without industry, an indispensable part of which is steel production, it would be impossible to achieve stability in the country's economy and sustainable employment, the Economy Ministry wrote in a proposal for an Action Plan for a Competitive and Sustainable Steel Industry in Slovakia.

THE PRODUCTION of steel has been and will remain one of the main pillars of Slovakia's industrial development, and without industry, an indispensable part of which is steel production, it would be impossible to achieve stability in the country's economy and sustainable employment, the Economy Ministry wrote in a proposal for an Action Plan for a Competitive and Sustainable Steel Industry in Slovakia.

"The steel industry is the basis for the development and production of resources necessary for many key industrial sectors such as metallurgy, construction, automobile manufacturing, mechanical and power engineering," reads the text, which the cabinet is scheduled to discuss at its April 23 session, TASR reported.

According to the Economy Ministry, the government has maximum interest in maintaining steel production in Slovakia at the current level and views steel production as a strategic industrial sector.

"With an eye towards sustainable employment, the Slovak Government will create the conditions needed to maintain the long-term development of this sector, including by drafting Memoranda of Understanding between the Slovak Republic and significant companies involved in steel production," said the ministry, as quoted by TASR.

Source: TASR

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

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