U.S. Steel Košice to increase prices next year

Prices should go up by up to €70 per tonne in the first half of 2020.

U.S. Steel Košice will increase prices for its buyers in 2020U.S. Steel Košice will increase prices for its buyers in 2020 (Source: TASR)

The Košice plant of the American steelworks U.S. Steel (USSK) has confirmed that it will raise prices for its buyers in 2020, as initially reported by the Argus Media on December 3.

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“We have decided to raise prices because of the difficult situation in the steel industry,” USSK spokesperson Ján Bača told the SITA newswire last week, on December 6.

He did not comment on how much the prices would increase. Based on letters sent by the Slovak steelmaker to buyers, prices would increase by €60 to €70/t in the first six months of 2020, starting to rise at the rate of €25/t as soon as 2020 begins, Argus Media claimed.

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