Pandemic pushes Štore Steel into the red

Štore – Štore Steel, a leading Slovenian steel producer, returned to loss in 2020 as a result of the pandemic after operating with a profit for eight years. Its loss reached EUR 2.5 million, which compares to a profit of EUR 2.8 million in 2019. Revenue dropped by 24% to EUR 85.7 million. The loss resulted from lower activity of the global automotive industry due to the pandemic, the company’s director Jani Jurkošek told the STA. With an epidemic declared in Slovenia, the company’s production was at half capacity from…

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