Eder: Future of Voestalpine and Steel Manufacturing Industry

Politics ♦ Published: April 4, 2013; 14:47 ♦ (Vindobona)

In an interview CEO of voestalpine, Wolfgang Eder explains the current situation on the steel market and points out that mass products will come from CESEE countries in the future.

Eder: Future of Voestalpine and Steel Manufacturing Industry / Picture: © Voestalpine AG

With losses of around 15 %, the two steel manufacturers voestalpine and ThyssenKrupp perform above average. The world’s biggest steel producer ArcelorMittal has had to face losses of more than 25 %. Even Bloomburg’s sector index decreased by 20 %. Currently the steel market is in a big struggle. Analysts estimate that the bad patch will continue for some more time.

Wolfgang…

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