Voestalpine to Announce Decision on Expansion Into North America

People ♦ Published: February 9, 2013; 15:45 ♦ (Vindobona)

The Austrian steel group plans a major investment in North America. According to voestalpine´s CEO Wolfgang Eder, the decision will be announced in February.

Voestalpine to Announce Decision on Expansion Into North America / Picture: © Flickr / Worldsteel

In the next years, voestalpine builds a new steelworks in the U.S or in Canada. The new mill will enable voestalpine to produce high quality iron concentrate at lower costs. The concentrate will be shipped to the Austrian steel processing plants. In the first expansion stage, the investment is expected to have a size € 550m. In the last months, voestalpine´s CEO Wolfgang Eder…

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Voestalpine, USA, Canada, Expansion, Wolfgang Eder, Steel Industry, Competitiveness, Commodity Market
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