LONDON -(Dow Jones)- U.S. Steel Corp. (X) said Wednesday it has reduced its production in the eastern Slovakian town of Kosice after gas supplies from Russia to Ukraine were brought to a halt.
"We have adjusted our production in line with the restrictions" imposed by the Slovakian government, a company spokesman said, following a halt in gas deliveries from Russia via the Ukraine.
He declined to disclose how much production was cut at the plant. U.S. Steel Kosice is able to produce 4.5 million metric tons of pig iron a year.
Meanwhile ArcelorMittal (MT), the world's largest steel producer in the world, Wednesday said it has temporarily suspended production at its Bosnian Zenica steel plant due to the gas supply disruption. The plant is able to produce 2 million tons of steel a year.
Austrian specialty steelmaker Voestalpine AG (VOE.VI) said it would need to alter its method of steel production if the gas cuts continued beyond this week, but the company doesn't expect it will lead to lower steel production unless the gas cuts persist for several weeks.
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