Slovakia’s government aware of US Steel negotiating on selling Kosice plant

The government is aware that US Steel is negotiating with a potential buyer on the sale of its Kosice-based ironworks, economy minister Peter Ziga (leftist senior ruling Smer) conceded, adding that he had no further information, local media informed. Yet, he gave assurances that the government and the US company have agreed that when the negotiations on US Steel Kosice sale advance and lead to more fundamental decisions, representatives of the state will be invited to the negotiations. In the meantime, US Steel has been silent about the sale, neither rejecting, nor confirming it. Recall that last week local media wrote that US Steel has agreed to sale the Kosice plant to Chinese He Steel for some EUR1.4bn.

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