WHAT HAPPENED

According to Mysteel, the project has a grant agreement with the Slovak government and is set to receive up to €350 million from the EU Modernization Fund: €310 million for the EAF and €40 million for the ASU. The EAF is intended to run alongside the steelworks’ existing blast furnaces, establishing a hybrid steelmaking model.

MetalMate summary of the linked evidence
WHY IT MATTERS

Commercial context

Analysis: The planned EAF would introduce substantial electric steelmaking capacity while retaining existing blast-furnace operations, allowing Košice to shift its production route progressively rather than through an immediate full replacement. EU support equal to nearly 39% of the stated €900 million investment could materially improve project economics, although the report does not specify whether the investment covers all associated works.

MetalMate analysis
KEY DETAILS
  • Planned investment: approximately €900 million for an EAF and ASU, according to Mysteel.
  • EAF capacity: approximately 1.6 million tonnes per year; targeted start-up in 2030.
  • ASU: expected to begin operating in 2029.
  • EU Modernization Fund support: up to €350 million, comprising €310 million for the EAF and €40 million for the ASU.
  • Operating model: the new EAF is planned to run in parallel with existing blast-furnace facilities.
  • Mysteel also reports that USSK is scheduled to become Nippon Steel’s direct wholly owned subsidiary and be renamed Nippon Steel Slovakia s.r.o. on October 1, 2026.
WHAT TO WATCH

Watch for primary project documentation, detailed scope and financing, construction milestones, and confirmation that the 2029 ASU and 2030 EAF schedules remain on track. The reported ownership and name change in October 2026 is another key milestone. The available report does not include original links to an official project announcement, grant agreement or approval documents.

Source & methodology +

MetalMate separates original-source evidence from summary and analysis. Verify the original source before procurement, legal or engineering decisions.

Article status
Published · Version 1
Source date
20 September 2026
MetalMate publication
4 October 2026
Verification
Automated evidence checks; not human reviewed

Mysteel海外市场追踪：日本制铁斯洛伐克科希策钢厂获批9亿欧元投资，新建电炉及空分装置加速脱碳 — Mysteel / 我的钢铁网
MetalMate provides an English summary; consult the original wording.