US Steel Kosice (USSK) plans to cut a fifth of its workforce in Slovakia over the next two years. EU steel markets face weak demand, protectionism and high iron ore and coking coal prices.
Last year, Serbia became the world leader in the increase of the production of crude steel with a growth rate of 38.9 per cent, according to the World Steel Association data. Serbia produced 1.8 million tons of raw steel during...
Serbia's only steel mill, Železara Smederevo, will be acquired by Chinese company He Steel, the only bidder in a tender to sell the factory. The Chinese company reportedly offered EUR46m
Over the years the steel industry has been the flagship of Ukraine's economy. Today it is a problem that keeps the government awake at night.
Ukrainian steelmakers’ 2009 preliminary net loss reached UAH 5bln (USD 600mln), down from the 2008 net income of UAH 17bln (approx. USD 3bln), according to Vasiliy Kharahulah, CEO of the Metallurgprom Association. We...