US Steel to stay in Slovakia’s Košice

US Steel Corporation will not sell its U.S. Steel Košice (USSK) subsidiary in eastern Slovakia. Representatives of the Slovak government and the US investor signed a memorandum confirming the latter’s continued presence in Slovakia, meaning that it will remain one of the country’s biggest employers. The Slovak government has been negotiating to get the firm to change its mind since last November, when it indicated that it was thinking of selling USSK.

The memorandum was signed on March 26 in Košice, upon the return of Slovak Prime Minister Robert Fico from a whirlwind two-day trip to the headquarters of U.S. Steel in Pittsburgh, USA, accompanied by Environment Minister Peter Žiga, Mayor of Košice Richard Raši and President of the Košice Self-Governing Region Zdenko Trebula.

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(Photo: Piotr Menducki)