[U.S. Steel Košice Commits €0.9 Billion to EAF and Air Separation Unit, Backed by €350 Million EU Grant]
U.S. Steel Košice (USSK), Nippon Steel's operating base in Slovakia, will invest around €0.9 billion in an electric arc furnace (EAF) and an air separation unit (ASU) at its Košice Steelworks. The EAF will have annual capacity of about 1.6 million mt and will run alongside existing blast furnaces, with production expected to start in 2030, while the ASU is set to begin operations in 2029. USSK signed a grant agreement with the Slovak government for up to €350 million from the EU Modernization Fund, comprising €310 million for the EAF and €40 million for the ASU.