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Voestalpine Cuts Production
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Published: November 19, 2011; 19:08 ♦ (Vindobona)
For the Austrian steel producer, the upward trend is now over. Steel production will be reduced by 10% in the last quarter.
Voestalpine Cuts Production / Picture: © Vindobona.org
“We had twelve months of an upswing, which is weakening now.”, voestalpine´s CEO Wolfgang Eder stated on the occasion of the presentation of the half-year results.
Eder says to be quite optimistic for the next year, a recession will not take place. “I do not see a double-dip.” Between Christmas and New Year, Eder will stop the production in Linz due to maintenance…
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