U.S. Steel Is Considering Slovak Unit Sale, Sme Reports

U.S. Steel Corp. is considering selling its Slovak unit, Sme newspaper reported, citing trade- union leader Mikulas Hintos.

The steelmaker is in the “early” stage of talks with undisclosed potential bidders for its U.S. Steel Kosice unit, the newspaper cited Hintos as saying.

The unit based in Kosice, eastern Slovakia, posted a 2 million-euro ($2.5 million) loss last year and will need to invest about half a billion dollars to meet the European Union’s environmental regulations, Sme said.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.