AGP Executive Report
Last update: an hour agoEnergy: MOL Group reported third-quarter profit before tax of $1.25 billion, helped by stronger gas prices and refining margins. Weak petrochemicals and fuel-price controls weighed on results. Steel: Nippon Steel said profit at its U.S. Steel business more than doubled from the previous quarter; the figures include its Košice operation, now Nippon Steel Slovakia. Ukraine Links: Slovakia pledged three locomotives to Ukraine to help maintain iron-ore deliveries to Košice steelworks, alongside generators and support for energy projects. Industrial Costs: Ammonia producer AGF Nitrogen, which operates plants in Slovakia and three other European countries, is considering further production cuts as high gas prices and weak demand pressure the business. Investment: Slovak exporters are set to gain €100 million in EIB-backed financing, while a Slovak utility has tendered a battery project at the country’s largest pumped-storage plant. Recovery: The EU approved €2.1 million for Slovakia to reimburse rescue costs from the severe 2024 floods.
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