U.S. Steel denies report it has sold Slovak operation
U.S. Steel Corp. denied on Saturday a newspaper report saying it had sold its Slovak operation to Ukrainian mining group and steel producer Metinvest.
The Slovak economic daily Hospodarske Noviny cited sources as saying an agreement was signed late Friday.
“The situation from earlier this week has not changed,” Jan Baca, spokesman for U.S. Steel Kosice, said in response to the report.
Metinvest was not available for an immediate comment.
U.S. Steel Kosice, the eurozone country's largest private corporate employer with more than 11,000 staff including subsidiaries, said on Monday that investors had expressed interest in the subsidiary in eastern Slovakia.
The Slovak unit of the Pittsburgh-based parent company is an important supplier for Slovakia's booming car industry, the key driver of the small and export-reliant economy, which is one of the European Union's fastest-growing despite the current crisis.
Steelmaking conglomerate Thyssen, in the midst of a restructuring to cut debt and refocus the group on its core European business, has denied any interest in the company.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Big plays cost Steelers defense in 43-19 preseason loss at Bills
- Happ’s strong start, Ramirez’s homer pace Pirates past Rockies
- Steelers notebook: Tomlin mum on Bryant suspension
- Rossi: Beleaguered Steelers need MVP from Big Ben
- Pitt star running back Conner remains grounded despite success
- Biertempfel: Pittsburgh native faced quick learning curve as Marlins GM
- Pennsylvania welfare employees targeted in crackdown
- Patience serves as virtue amid pitching prospect Glasnow’s quest for majors
- Pirates notebook: Hurdle’s faith in Polanco pays off
- Exclusive to the Trib: Lift the oil export ban? Think again
- Starting 9: Pirates place renewed emphasis on nabbing base-stealers