Slovak PM visits US Steel, no deal announced

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Associated Press

Posted on March 25, 2013 at 12:01 PM

Updated Monday, Mar 25 at 12:02 PM

PITTSBURGH (AP) — Slovakia's Prime Minister has met with U.S. Steel executives in Pittsburgh to discuss the future of a steel mill in Kosice.

Prime Minister Robert Fico met with U.S. Steel CEO John Surma for about an hour Monday morning. Fico says the meeting was successful and that more details about keeping the plant open may be released on Wednesday.

U.S. Steel declined to comment on when a deal may be announced. Surma says he's confident that "good progress" was made.

The Kosice mill in Slovakia employs about 12,500 people. U.S. Steel bought it in 2000, but financial problems in Europe have hurt demand and profitability.

In early 2012, the Serbian government bought a money-losing U.S. Steel plant for the symbolic sum of $1, hoping to keep 5,400 workers employed.

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