Voestalpine Cuts Production

People ♦ 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: © Voestalpine AG (Blast Furnace A)

“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…

Fast News Search