-
Steel grating plate is made of flat steel in accordance with a certain distance and twisted square steel cross arrangement, with pressure welding machine or artificial welding. The surface after hot dip galvanized or plastic spray treatment, so as to achi2021-09-17
-
According to preliminary statistics provided by the Brazilian ministry of development, industry and foreign trade, in December 2012 Brazil's flat steel exports totaled 208,581 tonne rising by 15.8% YoY and down 6.5% from November 2012. Brazilian flat2019-11-06
-
Forbes reported that the Chinese economy is improving the nations leading steel companies reported profits in November for the first time in 4 months. Statistics from the China Iron and Steel Association showed that the biggest steel firms there have2019-11-06
-
Indias minister of steel Mr Beni Prasad Verma congratulated the Indian steel industry on being the number one in terms of growth rate in steel production amongst the top ten steel producing countries. Congratulating the Steel Industry he said, I take2019-11-06
-
The Express Tribune reported that gas shortages have pushed a number of steel mills in sectors I - 9 and I - 10 to using coal, increasing the level of pollution in the city. Mr Asif Shuja director general of Pakistan Environmental Protection Agency s2019-11-06
Slovakian government in talks over US Steel Kosice
The Slovakian Spectator reported that reports about the potential sale of the country’s largest steel works and one of the flagship United States investments in Slovakia to an unspecified buyer not only prompted speculation about who that buyer might be, but also prompted the Slovak government to look at possible ways to convince US Steel, the current owner, to stay put.
Slovakian Economy Minister Mr Tomáš Malatinský confirmed on January 9 that the state is still negotiating with US Steel over its ownership of the Košice steelworks The SITA newswire cited Mr Malatinský as saying that “We are interested in reaching an agreement with US Steel. Some solutions are being sought but please let’s not specify any numbers or specific proposals, as negotiations are still under way.”
The minister thus neither confirmed nor denied reports published in early January by the Hospodárske Noviny daily that the state would offer the steel mill a discount on the service fees it pays to the electricity transmission system operator for electricity it generates in its own facilities.
Two years ago US Steel paid roughly only one third of the full price, but is now required to pay 100% of the fees by Slovakia’s regulatory authority. However, Finance Minister Peter Kažimír said that in order to receive state aid, US Steel would first need to lodge a request for a reduction in its electricity bill with the government but possible discounts in electricity bills for large customers such as US Steel would have to comply with EU legislation.
Earlier in November, Ján Bača, spokesman for US Steel Košice, US Steel’s subsidiary in Slovakia, confirmed to The Slovak Spectator that “We have received expressions of interest in US Steel Košice, likely due to its strong financial performance and strategic position in the region”.
Reports about the potential departure of U.S. Steel prompted speculation in the media over who might purchase the mill, Slovakia’s largest.
USSK, the largest employer in eastern Slovakia, with 11,000 workers, emerged via US Steel’s acquisition of Východoslovenské Železiarne (VSŽ) in 2000. At the time of the acquisition of the ailing VSŽ, which before running into problems had bought various unrelated assets such as newspapers and a football club, USSK agreed to invest at least USD 700 million in the company over a period of 10 years. In return, it was offered tax breaks of up to USD 430 million under the then exchange rate over the same period, and the state promised not to reopen any tax related cases against the firm and to participate in the removal of any unknown ecological burdens which might have emerged by 2004. By 2008, USSK had used up all of its tax breaks under the deal.