Article Tools

Voestalpine: No Investments in Europe

Published: October 12, 2012; 19:04 · (Vindobona)

Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.

Voestalpine: No Investments in Europe / Picture: © Flickr / Worldsteel

Eder thinks that the steel industry will take about five to six years in order to reach the growth rates which were achieved before 2008. In the next nine months, there will be no recovery, he says.

The biggest problem in the European steel industry would be the persistent overcapacity, which is due to the lower steel demand. The construction and the automotive industry, which…

This article includes a total of 229 words.

or Log In

Fast News Search
Related News
Eder Calls for Cut in Steel Production (September 17, 2012)
Voestalpine to Put Effort into Growth (July 4, 2012)
Eder Ticks Off Rail Cartel (April 7, 2012)
Eder: „Environmental Policy Endangers Economy“ (March 5, 2012)
Merger of Glencore and Xstrata: voestalpine Not Concerned (February 8, 2012)
Read More
Wolfgang Eder, Voestalpine, Brazil, India, China, USA, Steel Industry, Leaders
ISIN
AT0000937503
Featured
Trevor Traina Accredited as New US Ambassador in Vienna
Austrian Ambassador to the United States Wolfgang Waldner Presented his Credentials to President Obama
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter