Voestalpine: Lower Net Income Expected

IndustrialsIndustrial Goods ♦ Published: May 14, 2012; 18:50 ♦ (Vindobona)

As the steel price is expected to rise, voestalpine´s steel division has favorable prospects. The profit level of 2010/11 will not be reached.

Voestalpine: Lower Net Income Expected / Picture: © Vindobona.org

Voestalpine´s CEO Wolfgang Eder is optimistic for the steel division. In April, a price increase on a part of the company´s steel products could be enforced. Steel prices were up by 10 to 15%. The market seems to be relatively volatile, though. “The volatility has sharpened extremely. However, we attempt to achieve a price increase for the other products in July. Then we can see the…