Voestalpine: Major Investments in U.S.

Published: December 17, 2012; 14:35 · Updated: December 17; 14:53 · (Vindobona)

The Austrian steel company wants to build a steel plant for $ 1.0bn in the U.S.

Voestalpine: Major Investments in U.S. / Picture: © Voestalpine AG

In the next years, voestalpine builds a new steelworks in the U.S, the Austrian magazine “trend” reports. The new mill will enable voestalpine to produce high quality iron concentrate. The concentrate will be shipped at lower costs to the Austrian steel processing plants. The investment will reach about $ 1.0bn, insiders say. Voestalpine´s management did not confirm the expansion…

This article includes a total of 300 words.

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