China's Hesteel looks set to buy US Steel's Slovakian subsidiary US Steel Kosice for about 1.40 billion ($1.51 billion), according to local media reports in Slovakia. US Steel signed a Memorandum of Understanding (MoU) with Hesteel (formerly known as Hebei Iron & Steel Czech steelmaker Moravia Steel mulls purchase of US Steel Local Slovak newspaper Korzar reported last week that US Steel is looking at a plan to lay off up to 15 percent of its workforce at its Slovakian steel mill in Kosice, or more than 1,500 workers. This downsizing would affect mainly white-collar workers. Korzar reports that it is likely the US group wants to focus on its domestic operations, which are currently facing stiff competition from
US Steel Corps (NYSE:X) total expenses have trended steadily higher from around $10.7 billion in 2016 to about $13.1 billion in 2018. As a percentage of revenues, expenses have decreased from MysteelOrbis - U.S. STEEL KOSICE s.r.o. - Markets Active markets of U.S. STEEL KOSICE s.r.o. on the New SteelOrbis company directory that connects more than 44,000+ steel companies Speculations about the sale of US Steel Koice continueUS Steel, based on information of Sme, does not want to sell the plant in Kosice for less than EUR 1.5 billion. Now it remains to be seen whether the Americans will make an abatement or whether
US Steel, based on information of Sme, does not want to sell the plant in Kosice for less than EUR 1.5 billion. Now it remains to be seen whether the Americans will make an abatement or whether This Just In:U.S. Steel Upgraded The Motley FoolJun 19, 2019 · According to U.S. Steel's latest 10-K filing with the SEC, the company currently operates 14 blast furnaces spread across the United States, as well as an integrated production facility in Kosice U. S. Steel - Press Room - Press ReleasesIn 2000, Kopf advanced to manager-facility marketing for Gary Works and was based at the company's Pittsburgh headquarters. He returned to the Chicago-area sales organization in 2002 after being named manager-sales and service and relocated to Slovakia in 2004 after being appointed managing director-sales and marketing for U. S. Steel Kosice.
Jul 22, 2019 · Hundreds of people working for the Koice-based steelmaking plant will lose their jobs by the end of 2021. In order to improve the company's financial position, the management of U.S. Steel Koice (USSK) announced that by the end of 2021 it will reduce the number of employees working at the plant and its subsidiaries by 2,500. U.S. Steel Koice, almost sold to the Chinese, has record Jul 03, 2018 · The ownership structure of the Koice plant is complex, with United States Steel Corporation, traded on the US stock exchange, being at the end of the chain. To sell, or not to sell U.S. Steel Koices mother company has been plagued by debts; and it was the big debt burden (1.3 billion by March 31), which sparked negotiations on the U.S. Steel To Acquire Remaining Stake In Big River Steel Dec 09, 2020 · United States Steel Corp. announced Tuesday it has taken a first step toward acquiring Big River Steel through the purchase of a 49.9% ownership stake for $700 million in cash, with a
Jul 19, 2019 · U.S Steel Kosice is a key supplier for the Slovakia-based car plants, which include Volkswagen, PSA Peugeot Citroen, Kia and Jaguar Land Rover and U.S. Steel, the Company That Built America, Faces Its Age Dec 15, 2019 · Last Christmas Eve, a sprinkler pipe at a United States Steel Corp. plant south of Pittsburgh fell from the ceiling in a building at the 120-year-old complex. Within minutes, an US Steel Kosice expects lower shipments in 2020 - US Steel Kosice (USSK) expects to ship 3.2 million net tons of steel products in 2020, says parent US Steel. This comes after sales in 2019 fell -19% on-year to 3.59mnt. In the fourth quarter of 2019 alone the Slovakian mills shipments slumped -29% on-year to 757,000nt, with average realised price down
Dec 11, 2020 · X Complete United States Steel Corp. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.