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„Up to 70% of European Steel Capacities are Endangered“

Published: July 3, 2012; 15:12 · (Vindobona)

Wolfgang Eder, CEO of Austrian voestalpine, thinks that the European steel industry faces fierce competition from the East.

„Up to 70% of European Steel Capacities are Endangered“ / Picture: © Flickr / Worldsteel

Europe´s steel industry currently faces low steel prices anyway, Eder explains. In addition, fears of a growing competition is rising. The steel industry expects growing pressure from the East, Eder said to the German newspaper „Handelsblatt“. Eder also acts as President of the European steel association Eurofer.

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This article includes a total of 381 words.

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