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Steel Industry

Three Austrian Companies Among Europe´s Top 300

The oil and gas group OMV, the construction group Strabag and the steel group voestalpine are Austria´s biggest industrial companies.

October 29, 2012

Voestalpine Confirms Guidance

The Austrian steel company expects stable operating profits. Demand is declining substantially, CEO Eder comments.

October 18, 2012

Voestalpine: Eder Does Not Exclude to Leave Austria

Wolfgang Eder, CEO of the Austrian steel company voestalpine, underlines to stay in Austria “as long as possible”.

October 15, 2012

Voestalpine: No Investments in Europe

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.

October 12, 2012

Voestalpine to Launch New Image and Brand Campaign

“We’re taking the future into our own hands” is the philosophy embodied by the corporation.

October 5, 2012

Voestalpine Places a Bond Issue of € 500m

The proceeds are intended for general financing purposes. The bond is predominantly subscribed by international investors

September 26, 2012

Eder Calls for Cut in Steel Production

The CEO of the Austrian steel producer voestalpine asks the European Union to introduce a controlled reduction of the steel production. The overcapacities would cause lower prices, Eder argues.

September 17, 2012

Capital Increase at voestalpine

The Austrian steel company resolves to increase registered capital by 2% in order to further expand employee shareholding scheme.

September 12, 2012

Eder: „We are Cautious“

Wolfgang Eder, CEO of the Austrian steel company voestalpine, thinks that the market conditions will remain difficult.

August 27, 2012

Voestalpine Underlines Expansion Into Asia and America

For voestalpine´s CEO Wolfgang Eder, Europe is a stagnating market. By contrast, growth is expected to take place in the U.S.

August 25, 2012

Voestalpine Expands Into USA

In the next several years, the Austrian steel group will be investing more than € 100m in new plants in China, the USA, South Africa, Romania, and Germany

August 23, 2012

Siemens Austria: Major Contract in India

A consortium led by Siemens Austria was awarded with a contract worth € 290m by the Indian National Mineral Development Corporation Limited (NMDC).

August 7, 2012

Sharp Profit Decrease at voestalpine

At € 3.051bn in the first quarter of 2012/13, revenue remains constant in a year-to-year comparison. EBITDA declines by 19% from € 463m to € 375m. Net profit down by 30.9%.

August 7, 2012

Voestalpine: Drop in Profits Expected

Next Tuesday, the Austrian steel group will publish the results fort he first quarter of 2012.

August 4, 2012

Railway Cartel: € 8.5m Fine for voestalpine

The steel group participated in a railway cartel in Germany. The cartel proceedings are finished now.

July 5, 2012

Dividend at voestalpine Unchanged

CEO Wolfgang Eder: “voestalpine focuses on continuity even in terms of dividends”. Heinrich Schaller succeeds Ludwig Scharinger on the Supervisory Board.

July 5, 2012

Voestalpine to Put Effort into Growth

The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.

July 4, 2012

„Up to 70% of European Steel Capacities are Endangered“

Wolfgang Eder, CEO of Austrian voestalpine, thinks that the European steel industry faces fierce competition from the East.

July 3, 2012

Voestalpine to Issue Corporate Bonds of € 1.0bn

The Austrian steel company voestalpine is said to plan a bond program of € 1.0bn.

June 25, 2012

Voestalpine Shuts Down Steelworks in Duisburg

The Austrian steel producer plans to close the mill in 2013. At the moment, voestalpine has talks with trade unions and the workforce.

June 9, 2012

„India and China are not the Problems“

Voestalpine´s CEO Wolfgang Eder thinks that competitors from Turkey, Russia and Ukraine may become problematic for the European steel industry.

June 5, 2012

Profit Decrease at voestalpine

The Austrian steel producer registered an increase in revenue to € 12.06bn (plus 10.1% over BY 2010/11). EBITDA was down by 18.9%.

May 30, 2012

Voestalpine: Lower Net Income Expected

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.

May 14, 2012

Eder: „Not Making Mistakes of UK and USA“

The CEO of Austria´s largest steel producer voestalpine warns of a de-industrialization in Europe. Today, the UK and the USA would regret their decisions of the past.

May 14, 2012

Voestalpine Establishes Group for Centralized Purchase of Natural Gas

The voestalpine Group has established Austria’s first industrial gas balance group for the centralized purchasing of natural gas.

May 11, 2012

Voestalpine Indicates Significant Increase in Revenues

The Austrian steel company recorded about € 12.0bn in revenues last financial year. 25% of the revenues are based on exports apart from Europe.

April 12, 2012

Voestalpine Increases R&D Expenditure

voestalpine said it is increasing R&D expenditure to a record level of € 132m for the 2012-13 business year just begun.

April 11, 2012

Eder Ticks Off Rail Cartel

Voestalpine´s CEO Wolfgang Eder underlines the new compliance rules of voestalpine. Another participation in a cartel would be “impossible”.

April 7, 2012

„Steel Industry Needs Market Adjustment“

Wolfgang Eder, CEO of the Austrian steel company voestalpine, sees massive overcapacities in the European steel Industry. Eder reaffirmed his warning to leave Austria.

April 4, 2012

Voestalpine Gets a New Group Structure

The Automotive Division and Profilform Division will be amalgamated to create the Metal Forming Division.

March 27, 2012

Voestalpine Forecasts Improved Business Conditions

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

March 27, 2012

Voestalpine to Invest € 500m at Main Site

The Austrian steel company builds a new strand casting house. Voestalpine warns of excessive greenhouse gas regulations.

March 22, 2012

Voestalpine Closes TSTG Schienentechnik

The shutdown of German TSTG is due to a “lack in efficiency”. Because of the current cartel proceedings, the Austrian steel company has to build provisions of € 205m.

March 13, 2012

Eder: „Environmental Policy Endangers Economy“

Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.

March 5, 2012

Voestalpine Awarded Major Contract in the UK

Austrian voestalpine Group has been awarded a major contract for the supply of roughly 20,000 tons of pre-cut heavy-plate shapes for Siemens Wind Power for the London Array offshore wind tower project in the United Kingdom.

March 5, 2012

Voestalpine Expands Operations in Automotive Segment

The Austrian steel company presents high-strength steel innovation for cars. CEO Eder expects to double sales in the automotive division.

March 2, 2012

Siemens Austria Got Major Order from India

The Indian National Mineral Corporation orders a sintering plant at Siemens VAI. The order volume totals € 120m.

March 1, 2012

Significant Increase in Austrian Steel Exports to U.S.

U.S. Steel Imports are rising substantially, prices are on the fall. Austrian suppliers could raise their share.

February 27, 2012

Voestalpine to Build Two Track Switch Plants in Brazil

Voestalpine AG, Austria’s biggest steelmaker, plans to build two plants for rail-track switches in Brazil this year.

February 22, 2012

Voestalpine Amends Expansion Plans

The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.

February 18, 2012

voestalpine Remains Below Expectations

The Austrian steel company records moderately rising revenues and a small increase in earnings. EBIT is up by 2.8%, revenues grew by 11.9%.

February 15, 2012

Major Order for voestalpine

The automotive division of the Austrian steel group received orders worth € 700m.

February 14, 2012

voestalpine Concluded Largest Single Contract to Date

The Automotive Division of the voestalpine Group has concluded its largest single contract to date, with a leading European car manufacturer. The order volume amounts to around € 700m.

January 27, 2012

Voestalpine Involved in Further Cartel

According to German newspaper reports, the Austrian steel producer is involved in another cartel in the rail market.

December 28, 2011

Siemens Austria: Order from Belarus

Siemens VAI Metals Technologies received a major order from the Belorussian steel producer Byelorussian Steelworks (BMZ),

December 17, 2011

Voestalpine Streamlines Group Structure

The Austrian steel company merges its Automotive and Profilform divisions. Herbert Eibensteiner takes over as head of the new division.

December 15, 2011

Siemens Austria Expands in China

Siemens Metals Techologies enlarges its production facilities in China. Investments of $ 80m are expected.

December 14, 2011

Siemens VAI Receives Order from India

The Indian JSW Steel placed a major order at the Austrian Siemens VAI.

December 8, 2011

Voestalpine Broadens Measures to Safeguard Liquidity

The Austrian steel company has agreed on a syndicated loan of € 800m in two tranches in order to safeguard medium and long-term financing.

November 24, 2011

Voestalpine Cuts Production

For the Austrian steel producer, the upward trend is now over. Steel production will be reduced by 10% in the last quarter.

November 19, 2011
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