Voestalpine Forecasts Improved Business Conditions

More+Comment ♦ Published: March 27, 2012; 13:54 ♦ (Vindobona)

Austrian steel group voestalpine expects results to improve from April 2012 as it benefits from price hikes and solid demand, Reuters reported.

Voestalpine Forecasts Improved Business Conditions / Picture: © Voestalpine AG

CEO Wolfgang Eder told Reuters that he forecasts business conditions would gradually improve over the course of the year as confidence slowly returns that the worst of the sovereign debt and banking crises are over. Eder said that voestalpine will raise prices on around half its steel contracts from April 2012 by at least as much as raw material input prices have risen and raise prices…

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