United States Steel Corporation reports 2012 first quarter results
On April 24, 2012 United States Steel Corporation reported a first quarter 2012 net loss of $219 million, compared to a fourth quarter 2011 net loss of $211 million,
and a first quarter 2011 net loss of $86 million. Excluding the loss on the sale of U. S. Steel Serbia, U. S. Steel Europe results improved significantly from the fourth
quarter reflecting $17 million of operating losses at our former Serbian operations prior to the sale as compared to $67 million of losses in the fourth quarter of 2011. U. S. Steel
Kosice (USSK) had an operating loss of $17 million in the first quarter of 2012 compared to a loss of $22 million in the fourth quarter of 2011. Although average realized prices for USSK declined
slightly from the fourth quarter 2011, spot market prices improved progressively throughout the quarter largely as a result of a mini-restocking cycle, reversing the declining trend experienced
in the fourth quarter. Maintenance work was completed on a blast furnace in Slovakia and the furnace was restarted in late January resulting in a raw steel capability utilization rate for USSK of
92 percent for the first quarter, an increase from the fourth quarter rate of 75 percent.
Supporting Kosice's ice-hockey tradition
Kosice's tradition as an ice-hockey city was supported by the visit last weekend of a group of enthusiasts from Washington DC. Thanks to the activity of the Embassy
of the USA in Slovakia, the American guests were acquainted with various professions in this country, and in Kosice they also experienced the inimitable atmosphere of the seventh, deciding final
match in the Extra League play-offs. On Sunday, April 22, a friendly Slovak-American game was held on the ice of the Steel Arena between the players from Washington DC and from the management of
U. S. Steel Kosice led by President David J. Rintoul. The puck for the grand bully-off was thrown in by the US Ambassador in Slovakia Theodore Sedgwick. On Monday, April 23, the group
then visited the steelworks, where the guests showed great interest in looking round several primary operations, and stayed on for a friendly meeting with the USSK President.
Daffodil day at U. S. Steel Kosice
Friday, April 13, was this year's Daffodil Day, and once again hundreds of steelmakers joined in this nationwide fundraising event organized for the benefit of
oncology patients and their families. Joining the USSK volunteers at the steelworks in support of this good cause were the President's wife Mary Rintoul and Vice Presidents' wives Beata
Pitorakova and Slavka Jackova. Once again the Kosice steelmakers demonstrated their fellow-feeling for people suffering from oncological diseases by setting a new record for the total sum donated
towards the fight against cancer - 4 607.11 euros.
Volunteer Days just over three weeks away
There are now only 23 days between us and the sixth edition of the annual U. S. Steel for Kosice Volunteer Days, which are taking place on May 18 and 19
this year. On that Friday and Saturday we will be helping out eleven different public-benefit organizations around the city. As far as the Zoo, Rubikon Center and the Animal Shelter are
concerned, they are absolutely full to capacity. There are a few places available on the lists for the Crisis Intervention Center and the Uralska Street Foster Home in Kosice, and the
steelmakers' handiness is also keenly awaited at the Botanical Gardens, the Union of the Visually Impaired in Slovakia, and the wintersports area up at Kojsovska hola. The closing date for
signing up is May 3.
Kosice City Days are here again
This year's Kosice City Days celebrations (April 30 to May 8) have more than 30 events on offer, catering to a wide range of city residents. These include concerts,
traditional craft fairs, May-tree raising, a charity run, and a novelty in the form of the Venice in Kosice event, with a home-made "gondola" race. An equally interesting event will be Europe Day
on May 4, when students will present the individual countries of the European Union to Kosice people and city visitors alike in an attractive way. Events with a historical flavor will be the
Festival of Chivalry on May 5, and of course the official ceremony of Kosice City Day itself, which takes place on May 7.