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On the basis of the government’s decision, the Deed of Foundation, establishing the national enterprise - the East Slovakian Steelworks (VSŽ) - was signed on April 1.
On January 4 construction of the iron and steel works started. More than four thousand people participated in the official groundbreaking.
One of the largest investment projects – construction of the first blast furnace - was completed and the first iron was smelted on June 2.
The whole metallurgical cycle was completed thanks to rapidly proceeding construction.
The old type radiator production started.
The first spiral welded pipe intended for export left the gates of the steelworks.
On April 28 the continuous casting of steel slabs was officially put into operation.
VSŽ, national enterprise was transformed on July 1 into a state company.
1990 - From November 15 the state company became a joint-stock company (a.s.).
1991-1992 - VSŽ was included in the first wave of voucher privatization.
1995 - VSŽ, a. s. became an associate member of Eurofer – the European Steel Association.
The last ingot was rolled out in the Slabbing Plant on January 10. This technology was then replaced 100 % by steel casting into slabs.
VSŽ and the United States Steel Corporation set up a joint venture based in Košice.
On November 24 the United States Steel Corporation took over the Košice steelworks.
On November 25 Galvanizing Line No. 3 was officially brought into operation..