U.S. Steel, Slovak officials to meet on fate of European plant
Representatives of U.S. Steel Corp. and Slovakian Prime Minister Robert Fico will meet Downtown on Monday to discuss a deal that could maintain company ownership of its last steel plant in Europe.
The company had threatened to sell its Kosice, Slovakia, plant, which it bought in 2000.
U.S. Steel spokeswoman Courtney Boone confirmed on Sunday that the meeting was to take place but declined to comment further.
Pittsburgh's honorary Slovak Consul, Joseph Senko, said the two sides were negotiating an extension of tax breaks put into place at the time of the sale. Senko said he was to welcome the delegation Sunday night at the William Penn Hotel Downtown before the final negotiations and a possible signing Monday.
A statement released Friday by Fico's office said the prime minister, Finance Minister Peter Kazimer and Environmental Minister Peter Ziga planned to fly to America this week to discuss terms for keeping U.S. Steel's operations in Kosice, the second largest city in Slovakia.
“As negotiations progressed to the final stage, some open questions required intervention from the highest level,” the statement said.
In November, the Downtown-based steel giant entertained offers for its Kosice operation, which has 11,000 workers and is Slovakia's largest private corporate employer. U.S. Steel denied Slovak news reports several days later that it had sold the plant to Metinvest, a Ukranian mining group and steel producer.
Those reports triggered Fico to say the Slovak government would be willing to offer incentives to keep the company there, although no specifics have been made available.
U.S. Steel bought its Slovak steel mills and coke plants in 2000 for $475 million. The operation has been profitable for the company as a supplier of steel to European automakers.
Kosice is the company's last steel mill in Europe. It sold a Serbian mill back to that country's government for $1 in January 2012.
Matthew Santoni is a staff writer for Trib Total Media. He can be reached at 412-380-5625 or firstname.lastname@example.org.
Add Matthew Santoni to your Google+ circles.
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.
- Storm could drop 4-6 inches of snow on Pittsburgh area
- Catholic Diocese of Pittsburgh doubles goal with $230M pledged in largest fundraiser
- Grandview development plan inches ahead in Mt. Washington
- Project to End Human Trafficking volunteers help Uganda
- Mt. Lebanon High School to sell its planetarium equipment
- Long-term solution for wastewater disposal eludes shale gas industry
- Newsmaker: John O’Brien
- Commander: City police working to improve accountability
- Lure of tuition aid, gifts draw college students to ‘sugar daddy’ sites
- ‘Line is definitely blurry,’ state police say of dating websites and prostitution
- Bethel Park boy named honorary police officer dies