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17 Jun

USSK expects lower shipments, Ebitda despite BF restart

US Steel Kosice (USSK) recently restarted temporarily idled blast furnace no.2 in response to improving customer demand, but second-quarter profitability and deliveries will be down versus Q1, says parent US Steel. Europe segment Q2 Ebitda is set to come in lower on-quarter. Lower volumes are expected due to blast furnace no.2 being temporarily idled for a portion of the quarter, in response to soft demand earlier in the quarter. “Since then, demand has mode…
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